Pre-Market Update: Nvidia Earnings Beat Sends Nasdaq Futures Higher Ahead of Jackson Hole
TLDR
- Nvidia reported an earnings beat, with stock rising 7% in premarket trading
- Nvidia agreed to buy Hugging Face for $12.9 billion
- Salesforce, CrowdStrike, and Okta also beat Wall Street earnings targets
- S&P 500 futures rose 0.5%, Nasdaq 100 futures jumped 1.1%
- Fed Chair Kevin Warsh set to speak at Jackson Hole Symposium on Friday
US stock futures moved higher on Thursday morning after a wave of strong tech earnings lifted investor sentiment overnight.
Nasdaq 100 futures jumped 1.1%, while S&P 500 futures rose 0.5%. Dow Jones futures slipped slightly, down around 55 points.
Nvidia was the standout performer. The chipmaker reported second-quarter results that beat analyst expectations and forecast strong revenue growth into fiscal 2028.
Nvidia shares rose 7% in premarket trading. The company also signaled that demand for AI chips remains strong going into next year, calming investor nerves about whether the AI boom could last.
CEO Jensen Huang commented on the company’s AI investment strategy, saying the only regret he had was not investing more, and sooner, in AI labs.
… Continue reading the full article at the original source below.
