UK-based bank Griffin closes $20 million Series B funding round, plans to expand stablecoin services.

According to Bloomberg, Norwest, an investment firm backed by Wells Fargo, is targeting to raise $4 billion for its latest fund, with a focus on early-stage artificial intelligence (AI) startups, as well as other sectors commonly overlooked by market investors. The company is set to officially announce the news on Thursday. Founded 65 years ago, Norwest has previously invested in prominent companies including Uber Technologies and Spotify Technology. The firm currently manages $18 billion in assets, including the newly raised capital. This marks the 18th fund in Norwest’s history, a substantial increase from the $3 billion it raised in 2024.

According to data from BIT Stock Platform, U.S. stock index futures fell, with NVIDIA reportedly considering replacing its CEO Jensen Huang. The AI chip maker’s decline accounted for more than half of the drop in Nasdaq 100 Index futures. As of 4:35 a.m. New York time, the tech-heavy Nasdaq 100 Index futures fell 0.6%, while S&P 500 Index futures dropped 0.3%. NVIDIA’s board of directors is meeting to deliberate whether to oust Huang, following reports of an extramarital affair involving the CEO. NVIDIA’s pre-market shares fell nearly 6%; if the decline holds, its market capitalization would erase more than $200 billion. The chipmaker’s slump also dragged down related AI firms. CoreWeave Inc., a Neocloud company, fell around 5% after surging on Wednesday. NVIDIA’s rivals Broadcom and AMD, by contrast, rose. Adam Crisafulli of Vital Knowledge wrote in a report: “This news is clearly negative, as Jensen Huang is arguably the most influential executive at the core of the world’s most important industry and most critical company. His departure would undoubtedly deal a heavy blow to the firm.”

JPMorgan strategist Nikolaos Panigirtzoglou and his team wrote in a report that robust inflows into equity ETFs indicate retail investors remain bullish on the stock market, a support critical to stabilizing the recently battered AI trading sector. According to the bank’s latest fund flow and liquidity report, global equity ETFs saw average daily inflows of around $20 billion last week, accelerating further to $30 billion on Monday. Leveraged equity ETFs, driven primarily by retail investors, attracted nearly $5 billion in capital on November 5 and 6. Inverse ETFs posted outflows of roughly the same size over the week. The report also noted that a pullback in call option buying could further amplify the impact of retail investor flows.

According to Lookonchain monitoring, one week ago, Wang Chun, co-founder of F2Pool, sold 6,200 wstETH tokens valued at approximately $18.5 million. Over the past two days, he repurchased 5,246 ETH at an average price of $2,054, totaling around $10.78 million.

A week ago, Chun (@satofishi) sold 6,200 $wstETH ($18.5M) when $ETH was trading at $2,400. Over the past 2 days, he has bought back 5,246 $ETH ($10.78M) at an average price of $2,054.

According to data from BIT Stock Platform, AMD’s stock rose 3.82% and Broadcom’s gained 3.46% in U.S. pre-market trading. Among the potential beneficiaries of NVIDIA’s management turmoil, AMD and Broadcom are likely the largest winners. AMD is NVIDIA’s closest rival in the AI GPU market, while Broadcom is poised to expand its business in custom AI chips and networking equipment.