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Nvidia shares fell sharply after reports that the board was considering CEO Jensen Huang’s future amid separate scandals, with broker downgrades adding pressure. The selloff weighed on U.S. equity futures and renewed concern about the broader AI trade.

Bitcoin traded near $74,000 even as U.S. stock futures rebounded, while spot bitcoin ETFs recorded a fourth consecutive day of outflows. The report also cited higher-than-expected inflation, increased rate-hike expectations and elevated crypto liquidations.

Bloomberg reported that renewed volatility in AI-related stocks is testing investors’ tendency to buy market dips. The S&P 500 resumed declines after a brief rebound, amid concerns about AI valuations and Nvidia-related uncertainty.