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The short answer. Nvidia lost about $306 billion of market value before the open, after The Wall Street Journal reported that its board is preparing to remove Jensen Huang, CNBC said. Nvidia is part of the Nasdaq 100, so funds that track that index hold it, and Nasdaq 100 futures fell while Dow futures were about flat, CNBC reported. The table below lists the results, outlooks and other news that smaller movers such as AEVEX, YETI and Corteva released overnight and this morning.
The market before the bell, Thursday
Nasdaq 100 futures
-0.7%
at 6:21 a.m. ET, CNBC reported, as Nvidia shares fell before the bell
AEVEX (AVEX), top gainer on StockTitan's pre-market board
~+12%
pre-market at 6:43 a.m. ET, the morning after it raised its 2026 revenue outlook
Kanzhun (BZ), top loser on the same board
~-17%
pre-market at 6:49 a.m. ET, against its November 11 close
Every company reporting the same week, with its date and time, is in StockTitan's Earnings Calendar for the Week of November 9, 2026.
Live updates
The newest update comes first. Each one says what changed in the market's story, with the time it was written. Stock moves come from StockTitan's real-time data unless another source is named.
7:00 a.m. ET
Tech futures fall with Nvidia after a news report, CNBC says, while the Dow holds flat
Tech futures pointed lower on Thursday morning. Nasdaq 100 futures fell 0.7% and S&P 500 futures 0.4%, while Dow futures were around the flatline, CNBC reported in its 6:21 a.m. ET update. CNBC said the Nasdaq 100 futures fell as Nvidia shares slumped on the potential removal of its chief executive.
The funds that track the indexes show the same split. QQQ, the Nasdaq 100 fund, was down 0.80% and SPY, the S&P 500 fund, 0.41% by 6:49 a.m. ET, against Wednesday's close.
The Wall Street Journal reported on Wednesday evening that Nvidia's board is preparing to remove CEO Jensen Huang, CNBC said. Nvidia's board said on November 8 that it has confidence in Huang (Nvidia board statement).
Smaller stocks moved as well; several had released results since Wednesday's close. AEVEX, which makes drones and other autonomous systems, rose 12.20% by 6:43 a.m. ET, the morning after it raised its 2026 outlook after Wednesday's close (AEVEX release). YETI, the cooler and drinkware maker, fell 8.86% by 6:46 a.m. ET on a morning when it cut its sales outlook (YETI release).
Biggest stock movers today and their company news
AEVEX, Chagee and PepGen rose before the open, and each had released company news since Wednesday's close. YETI, Corteva, Xanadu and T1 Energy fell, and each had released results in the same window. Reuters reported that Strategy fell after MSCI's index decision, and CNBC tied Nvidia's slide to the report about its chief executive.
| Company | Move | Company news |
|---|---|---|
| AEVEX (AVEX) | +12.20%, pre-market, 6:43 a.m. ET | It raised its 2026 revenue outlook to $820 million to $840 million, from $700 million to $720 million, after third-quarter revenue rose 56.5% to $189.7 million; it posted a net loss of $16.8 million (release). |
| PepGen (PEPG) | +6.65%, pre-market, 6:48 a.m. ET | The biotech company priced a stock sale of 25 million shares at $5.00 each, for expected gross proceeds of $125 million. It plans to use the net proceeds for clinical development, working capital and general corporate purposes, and the sale is expected to close on or about November 13 (release). |
| Chagee (CHA) | +4.87%, pre-market, 6:45 a.m. ET | The tea drinks chain declared a special cash dividend of about $1.95 per American depositary share, the form in which its stock trades in the US, payable around December 4 to holders on its books at the November 23 close. For 2027 through 2029 it plans yearly dividends of at least half the previous year's net income (release). |
| Corteva (CTVA) | -9.88%, pre-market, 6:48 a.m. ET | It updated its 2026 forecast for a weaker market in Brazil than it expected, where it said high channel inventory, farmers short of cash and high interest rates delayed purchases; third-quarter net sales fell 9% to $1.59 billion (release). MSCI's November 11 index review also deletes it from the MSCI USA Index (MSCI list). |
| YETI (YETI) | -8.86%, pre-market, 6:46 a.m. ET | It cut its 2026 outlook to adjusted sales growth of about 6%, from 7% to 8%, and adjusted earnings per share of $2.90 to $2.95, from $2.94 to $3.00, citing a more cautious consumer (release). |
| Xanadu (XNDU) | -7.86%, pre-market, 6:50 a.m. ET | The quantum computing company reported third-quarter revenue of $1.3 million and a net loss of $32.2 million, against $20.3 million a year earlier (release). |
| Nvidia (NVDA) | -7.32%, pre-market, 6:50 a.m. ET | The Wall Street Journal reported that its board is preparing to remove CEO Jensen Huang, CNBC said. Its board opened an independent investigation on November 8 (board statement). |
| Strategy (MSTR) | -6.10%, pre-market, 6:50 a.m. ET | MSCI's November 11 index review deletes it from the MSCI USA Index as of the November 30 close, and Reuters reported the stock fell after MSCI's decision (MSCI list). |
| T1 Energy (TE) | -5.15%, pre-market, 6:50 a.m. ET | The solar maker reported a third-quarter loss from continuing operations of $34.7 million. It said its talks on debt for its Texas cell plant may include issuing new shares (release). |
Source: StockTitan real-time Nasdaq data and StockTitan's pre-market movers board, against each stock's November 11 close; company releases and the MSCI list linked in each row.
The deepest fall on StockTitan's pre-market board belongs to Kanzhun (BZ), which fell 17.15% by 6:49 a.m. ET.
YETI's chief executive said in the release that the company expects consumers to stay cautious and put pressure on demand in the fourth quarter. The release says adjusted net income, the company's own profit measure, rose 35% in the third quarter while adjusted sales rose 6% (YETI release).
Chagee's one-time $1.95 special dividend is about 16% of its American depositary share's November 11 close of $12.33. The company had about $968 million of cash and restricted cash at the end of June, its release says.
PepGen priced its new shares at $5.00, below Wednesday's close of $5.26 (PepGen release).
Strategy's news is an index change. MSCI's list deletes it from the MSCI USA Index as of the November 30 close. Funds that track an index stop holding the stocks it drops, which is a likely reason such a deletion weighs on a share price. Reuters reported that Strategy fell after MSCI's decision.
Why is Nvidia stock down today?
Nvidia fell before the bell after The Wall Street Journal reported that its board is preparing to remove its chief executive, CNBC said. In its own statement of November 8, the board said it has confidence in him.
The Wall Street Journal reported on Wednesday evening that Nvidia's board is preparing to remove CEO Jensen Huang, CNBC said. Nvidia fell 8.61% in after-hours trading by 7:59 p.m. ET on Wednesday, as StockTitan's November 11 market coverage reported. The board met to decide whether to remove Huang, CNBC reported on Thursday morning.
The company's own words come from its board, and its two statements came before the report. On November 8 it said it was opening an independent investigation in light of recent reporting about Huang. A committee of independent directors with outside counsel runs it. It said Huang supports the review and that "The Board has confidence in Jensen and his leadership team." It also said it will give further updates as appropriate (Nvidia board statement). On November 10, the independent directors said they had retained outside counsel to conduct that investigation (independent directors' statement).
Investors fret over the fallout of any leadership change at the company central to the AI boom, Reuters reported. Nvidia's pre-market price of $161.02 at 6:50 a.m. ET is about a third below its October 6 record close of $239.24, which StockTitan's Nvidia article covers.
Other AI stocks moved both ways. CoreWeave, which rents out computing power for AI, fell 7.17% by 6:49 a.m. ET, a day after it closed 24.71% higher in its first session after its results (CoreWeave results article). AMD rose 2.74% by 6:50 a.m. ET and Broadcom 1.83% by 6:46 a.m. ET.
Chip stocks abroad fell first. SK Hynix, TSMC and Advantest fell in Asia, and ASML lost 3% in Europe, CNBC reported.
What to watch for the rest of the day
Nebius reports before the open and weekly jobless claims come out at 8:30 a.m. ET. Cisco and Applied Materials report after the close, and Nvidia's board has said it will give further updates.
- Nvidia's board on Huang: the further updates the board said it would provide as appropriate (Nvidia board statement), and Nvidia's third-quarter results on November 17, with a call at 5:00 p.m. ET (Nvidia notice).
- Before the open: Nebius Group's third-quarter results (Nebius notice).
- 8:30 a.m. ET: weekly jobless claims, and 10:00 a.m. ET: existing home sales, both on StockTitan's economic calendar.
- After the 4:00 p.m. ET close: Cisco's and Applied Materials' results (Cisco notice, Applied Materials notice).
- On or about November 13: the expected closing of PepGen's share sale, the release says (PepGen release).
- Friday, November 13, 8:30 a.m. ET: the October producer price index, a measure of wholesale inflation, which StockTitan's PPI preview covers.
- At the November 30 close: MSCI's index changes take effect (MSCI release), and Strategy's deletion is on MSCI's changes list (MSCI list).
Our numbers
These figures are our calculations from the sources linked in this article.
- Nvidia about $306 billion of market value: its pre-market drop of $12.71 a share by 6:50 a.m. ET, from the $173.73 close, times the 24.1 billion shares on its latest quarterly report.
- Nvidia about a third below its record: its pre-market price of $161.02 at 6:50 a.m. ET against its record close of $239.24 on October 6, 2026.
- Chagee's dividend about 16% of its share price: $1.95 per American depositary share against that share's November 11 close of $12.33.
Frequently asked questions
Before the bell on November 12, Nasdaq 100 futures fell 0.7% and S&P 500 futures 0.4%, CNBC reported at 6:21 a.m. ET. CNBC tied the fall to Nvidia's slide on the potential removal of its chief executive. Dow futures were around the flatline.
Nvidia fell 7.32% before the bell by 6:50 a.m. ET on November 12. The Wall Street Journal had reported that its board is preparing to remove CEO Jensen Huang, CNBC said. The board's November 8 statement says it has confidence in Huang.
AEVEX rose 12.20% before the bell by 6:43 a.m. ET on November 12, the morning after its results. Its release raised the 2026 revenue outlook to $820 million to $840 million, from $700 million to $720 million.
YETI fell 8.86% before the bell by 6:46 a.m. ET on November 12. It fell on a morning when its third-quarter results release cut its 2026 adjusted sales growth outlook to about 6%, from 7% to 8%, citing a more cautious consumer.
Corteva fell 9.88% before the bell by 6:48 a.m. ET on November 12, the morning after its results. It updated its 2026 forecast for a weaker market in Brazil than it expected, and its third-quarter net sales fell 9%.
Chagee rose 4.87% before the bell by 6:45 a.m. ET on November 12. It rose on a morning when it had declared a special cash dividend of about $1.95 per American depositary share. For 2027 through 2029 it plans yearly dividends of at least half the previous year's net income.
Strategy fell 6.10% before the bell by 6:50 a.m. ET on November 12. MSCI's November 11 index review deletes it from the MSCI USA Index as of the November 30 close, and Reuters reported the stock fell after that decision.
Sources
- StockTitan: live market coverage, November 11, 2026
- StockTitan: Nvidia's P/E after its fall from the record
- StockTitan: CoreWeave third-quarter 2026 results
- StockTitan: October 2026 PPI preview
- StockTitan: Earnings Calendar for the Week of November 9, 2026
- StockTitan economic calendar
- Nvidia board of directors statement, November 8, 2026
- Statement from the independent members of the Nvidia board, November 10, 2026
- Nvidia third quarter fiscal 2027 call notice
- Nvidia quarterly report for the quarter ended July 26, 2026 (share count)
- AEVEX third quarter 2026 results release
- Chagee special cash dividend release
- PepGen public offering pricing release
- YETI third quarter 2026 results release
- Corteva third quarter 2026 results release
- Xanadu third quarter 2026 results release
- T1 Energy third quarter 2026 results release
- MSCI Equity Indexes November 2026 Index Review
- MSCI Global Standard Indexes November 2026 changes list
- Nebius Group third quarter 2026 results date notice
- Cisco first quarter fiscal 2027 call notice
- Applied Materials fourth quarter and fiscal 2026 call notice