Huang Allegations, Berkshire Earnings Move US Stock Futures
Nvidia shares fell more than 4% in premarket trading on November 9, 2026, after unverified reports about CEO Jensen Huang. Berkshire Hathaway posted a 5.8% drop in operating earnings, and Binance announced its CFO's exit after a reported $6.3 billion theft.
Nvidia shares fell more than 4% in premarket trading on Monday, November 9, 2026, after unverified reports about Chief Executive Jensen Huang. The same morning, Berkshire Hathaway reported a 5.8% drop in third-quarter operating earnings. The Huang allegations and Berkshire earnings pulled investors in different directions.
US stock futures were mixed. At 3:42 a.m. Eastern Time, S&P 500 futures were up 0.35% and Dow Jones futures had advanced 0.6%. Nasdaq 100 futures declined 0.3%.
Nvidia and the Huang reports
The reports alleged that Huang acknowledged an extramarital relationship in a message to employees. They also said Nvidia's board had started an independent investigation.
Some reports raised the possible involvement of foreign intelligence services. Those claims have not been independently substantiated, and the authenticity of the reported memo has not been established.
A memo attributed to Huang reads: "I was unfaithful to my wife. My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry."
Nvidia is a major supplier of chips used in artificial intelligence systems. The premarket drop followed a period of volatile trading in its shares.
Berkshire results
Berkshire Hathaway reported operating earnings of $12.7 billion for the third quarter, down from $13.48 billion a year earlier. The company attributed the decline mainly to weaker results from its insurance operations.
Operating earnings leave out some investment gains and losses that can swing reported net income. Berkshire's cash holdings rose to a record $377.4 billion.
Binance finance chief leaves
Binance announced that Chief Financial Officer Kaiser Ng will leave to pursue another business opportunity. The news followed reports of a cybersecurity breach involving about $6.3 billion in cryptocurrency.
Binance said Ng's exit had been planned for several months and was not a result of the incident. Co-Chief Executive Yi He said Ng decided to go after more than five years at the company. A transition has been under way for about six months.
Justin Yek, previously vice-president of finance at Airwallex, will succeed him.
The reported breach occurred on October 29. It allegedly involved malware spread through software downloads and fake recruitment approaches aimed at engineers. The FBI was cited as attributing the theft to a North Korean hacking group, which has denied responsibility. Those claims have not been independently verified. Binance has said it intends to reimburse affected customers in full.
What investors await
Investors were also waiting for earnings from CoreWeave, Applied Materials and Cisco Systems. US consumer inflation figures are due as well.
Proposed legislation on artificial intelligence and data-center development added another consideration for technology companies.
