U.S. Futures Mixed: Nvidia Drops 4% Premarket on CEO Reports
U.S. stock futures were mixed on Monday, November 9, 2026, with Nvidia down more than 4% before the open on unverified reports about CEO Jensen Huang. Binance announced a CFO exit, Berkshire Hathaway posted lower operating earnings, and inflation data and tech earnings are due.
U.S. stock futures were mixed on Monday, November 9, 2026, with Nvidia shares down more than 4% in premarket trading after reports about Chief Executive Jensen Huang. Investors were also bracing for consumer inflation data and a run of technology earnings.
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%, reflecting pressure on technology names.
Beyond Nvidia (NASDAQ:NVDA), traders were watching a leadership change at Binance after a reported cryptocurrency security breach, and third-quarter results from Berkshire Hathaway (NYSE:BRK.B).
Nvidia reports unverified
The reports allege that Huang acknowledged an extramarital relationship in a message to employees. They also say Nvidia's board started an independent investigation.
The reports further include allegations about possible involvement of foreign intelligence services. None of these claims has been independently substantiated, and the authenticity of the reported memorandum has not been established.
Nvidia is a major supplier of semiconductor technology used in artificial intelligence systems, which is why Huang's role has drawn attention. The premarket drop followed a period of volatility in the company's shares.
Binance CFO departs
Binance announced that Chief Financial Officer Kaiser Ng will leave to pursue another business opportunity. The news followed reports of a security breach involving approximately $6.3 billion in cryptocurrency.
Binance said Ng's exit had been planned for several months and was not a consequence of the incident. Co-Chief Executive Yi He said Ng decided to go after more than five years at the company, with a transition of about six months underway.
Justin Yek, previously vice-president of finance at Airwallex, has been named as his successor.
The breach reportedly occurred on October 29. It allegedly involved malware spread through software downloads and fraudulent recruitment activity aimed at engineering employees.
The reports attribute the theft to a North Korean hacking group, citing the FBI. North Korea has denied responsibility, and the claims have not been independently verified. Binance has said it intends to reimburse affected customers in full.
Berkshire earnings slip
Berkshire Hathaway reported a 5.8% year-on-year decline in third-quarter operating earnings, mainly because of weaker insurance results. Operating earnings fell to $12.7 billion from $13.48 billion a year earlier.
That measure excludes certain investment-related gains and losses that can affect reported net income. Berkshire's cash holdings rose to a record $377.4 billion.
Data and earnings ahead
Investors are awaiting earnings from CoreWeave (NASDAQ:CRWV), Applied Materials (NASDAQ:AMAT) and Cisco Systems (NASDAQ:CSCO), along with U.S. consumer inflation figures.
Proposed legislation on artificial intelligence and data-center development adds another factor for technology companies.
