Nasdaq futures slip with Nvidia woes, Anthropic IPO in focus

Nov. 10 (Reuters) - Futures tracking the tech-focused Nasdaq 100 index fell on Tuesday as investors looked at new reports about the controversy involving Nvidia CEO Jensen Huang and details about Anthropic's planned initial public offering (IPO).

Inflation data due later in the day could also influence the market for the rest of the week. If the Consumer Price Index (CPI) rises more than expected, it could put the recent early recovery in stock prices at risk.

Shares of Nvidia, the world's second-most valuable company, gave up most of their gains from before the market opened. They were last up 0.3%.

The Information reported that Jensen Huang's alleged affair with Chinese businesswoman Alice Huang, who is suspected of being a spy for Beijing, helped shipments of at least $7.5 billion worth of Nvidia chips pass through Chinese companies.

Huang leads a company that is at the center of the artificial intelligence (AI) boom. Because of this, investors are paying close attention to his leadership and future at Nvidia.

At 6:04 a.m. ET, Nasdaq 100 E-mini futures had fallen 96.75 points, or 0.35%. Dow E-mini futures had risen 159 points, or 0.3%, while S&P 500 E-mini futures had gained 0.75 points, or 0.01%.

ANTHROPIC IPO DETAILS UNDER CLOSE REVIEW

Anthropic's planned IPO could raise as much as $64.4 billion, according to the latest draft of its prospectus, which Reuters saw on Tuesday.

The prospectus could lead to one of the biggest IPOs ever. If Anthropic goes public, other major AI companies may also have to compete harder to attract investors' money.

"The easy AI trade, where you could buy any company that was part of the AI ecosystem and make money from a general optimism about AI's potential, is mostly done," wrote Aswath Damodaran, a finance professor at New York University's Stern School of Business.

Chip company shares were mostly weak before the market opened. Intel and Marvell Technology were each down about 2%.

Meanwhile, lower oil prices on Tuesday encouraged investors to put money into some parts of the stock market, helping Dow futures rise.

Brent crude oil futures fell below $90 a barrel for the first time since August.

A Reuters survey of economists predicted that Tuesday's data would show the CPI rose 0.3% last month, after increasing 0.6% in September. The survey also estimated that core CPI, which leaves out certain items, rose 2.8% over the year, compared with a 2.6% increase in September.

This rate is still well above the Federal Reserve's 2% target.

Cloud computing company CoreWeave, which focuses on AI, is expected to report its quarterly earnings after the market closes on Tuesday. Concerns about whether the AI boom can last and how much debt the company has have recently put pressure on its shares.

Strong results could help reassure investors that the industry is in good shape. SpaceX CEO Elon Musk has said the industry could see companies join together and some businesses fail.

CoreWeave shares were up 0.14% before the market opened. Its competitor Nebius was down 0.6%.

(Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath)