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As Wall Street Awaits Nvidia’s Report, S&P 500 Futures Slightly Increase

While traders anticipated Nvidia’s quarterly earnings report, S&P 500 futures saw a small increase on Wednesday.

The Dow Jones Industrial Average, Nasdaq-100, and futures linked to the broad market index all traded slightly over the flatline.

To assess the overall viability of the larger IT and AI industries, Wall Street is closely monitoring Nvidia. It is unclear how much further room there is for the stock to run after the semiconductor giant, which is scheduled to report after the closing, has soared 159% in 2024.

The timeline for Nvidia’s Blackwell chips’ delivery and an update on the demand for AI are focal topics for investors.

Source (CNBC)

SourceCNBC
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