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Futures for the S&P 500 and Nasdaq Rise as Nvidia Gains Following Solid Earnings

The gain in Nvidia shares following the company’s announcement of record revenue and optimistic expectations drove Thursday’s spike in stock futures.

1.3% gain was seen in S&P 500 futures and 2.1% gain in Nasdaq 100 futures. Also rising by 152 points, or 0.4%, were Dow Jones Industrial Average futures.

When the chip giant revealed an astounding 265% year-over-year sales growth, driven mostly by its growing artificial intelligence business, Nvidia’s shares shot up almost 13% in premarket trade. Surpassing even its own high expectations for significant growth, Nvidia, the fifth-largest business in the United States based on market capitalization, expects to see another strong quarter of sales growth.

Source (CNBC)

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