Dow Futures fell 0.05%, S&P 500 Futures fell 0.46%, Nasdaq Futures fell 0.88% as sentiment turned cautious amid chip-led volatility.

Nvidia fell 7.89%. Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy, the Wall Street Journal reported

Chip stocks dropped in overnight trading. Direxion Daily Semiconductors Bull 3x Shares fell 6%; Super Micro Computer fell 5%; Intel, NXP Semiconductors, VanEck Semiconductor ETF, and Marvell Technology fell 3%; ON Semiconductor, Micron Technology, and TSMC fell 2%.

While Nvidia’s competitor Broadcom rose 2%, AMD rose 4%.

Neocloud stocks also sank in extended trading. CoreWeave fell 6%; Galaxy Digital fell 5%; Iren and Cipher Mining fell 4%; TeraWulf and Hut 8 fell 3%; Nebius and Applied Digital fell 2%.

CoreWeave is preparing to raise at least $4 billion through a new loan offering with an investment-grade rating, as the AI infrastructure provider looks to secure funding at potentially lower borrowing costs following an improved revenue outlook, according to Bloomberg.

Strategy fell 2%. Index operator MSCI will remove Michael Saylor's Strategy and other companies from its global indexes after determining they more closely resemble ​investment funds, a move that could curb passive investment flows ‌into the stocks.

Dell fell 4%. Shares pulled back after an AI deployment‑driven rally.