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Hello, this is Leonie Kidd with today's edition of Morning Squawk.
No news is not good news for Nvidia this Thursday.
The shares are back under pressure as investors await the outcome of a crisis board meeting...
Nvidia's board met overnight to decide whether to oust CEO Jensen Huang. So far, no outcome has been announced from those talks.
Investors are on tenterhooks, with shares sinking around 5% in premarket trading.
Here are some of the latest developments:
The market pressure is building, with several analysts turning more bearish on the stock:
Political pressure is also building:
Nasdaq futures are under pressure , underperforming the Dow and S&P .
Nvidia is dragging on the technology sector, but AMD and Broadcom are gaining in early trade.
Investors may be hoping for a CoreWeave effect from Nebius , after the former neocloud firm jumped over 24% during Wednesday's session , supporting the Nasdaq.
Neocloud shares are higher in premarket trading, but CoreWeave is pulling back, down 7% after those huge gains yesterday.
Burberry is back. The luxury British retailer is topping the London market with a 6% jump in the share price.
This is after Burberry sales surprised to the upside in the second quarter, as the group's turnaround gathers pace.
CNBC will have more from the beauty space with an exclusive interview with Estée Lauder CEO Stéphane de la Faverie, who joins "Squawk on the Street."
CNBC's Morning Squawk recaps the biggest stories investors should know before the stock market opens, every weekday morning.
Subscribe here to get access today .
Democrat Scott Colom has won the U.S. Senate race in Mississippi over Republican incumbent Sen. Cindy Hyde-Smith , the Associated Press reported on Wednesday evening.
He becomes the first Black senator from Mississippi since the post-Civil War Reconstruction Era.
The world's super-rich are piling into alternative investments
The world's wealthiest investors are increasingly looking beyond stocks and bonds, pouring money into hedge funds, private equity and infrastructure assets, as market volatility and fears about stubborn inflation spur diversification.
From Asian billionaires to global family offices, alternative investments are becoming a bigger part of portfolios once dominated by traditional assets, industry watchers said.
— NBC's Jason Gewirtz, April Roach, Dan Mangan and Lee Ying Shan contributed to this report.
