TOKYO: Japan’s Nikkei share average reversed early gains to end lower on Thursday as technology stocks lost ground with the Nasdaq futures extending losses, while Nvidia shares plunged in after-hours trading.
Nvidia’s stock slid more than 8 percent in extended trading after the Wall Street Journal first reported that the company was preparing to fire CEO Jensen Huang.
Nvidia’s board is meeting to decide whether to oust Huang, a source familiar with the matter told Reuters, as the world’s dominant supplier of AI chips grapples with reports of two extramarital affairs involving its longtime leader.
The Nikkei fell 0.7 percent to 60,819.836, after rising as much as 0.88 percent earlier in the session. The broader Topix edged up 0.2 percent to 3,937.33.
Nasdaq futures were nearly 1 percent lower in Asia.