Sunday, April 21, 2024
HomeTrading RoomNasdaq and S&P 500 Futures Rise as Nvidia Gains on Solid Earnings

Nasdaq and S&P 500 Futures Rise as Nvidia Gains on Solid Earnings

Thursday’s increase in Nvidia shares helped to propel stock futures higher after the chipmaker reported record sales and gave positive guidance.

Nasdaq 100 futures gained about 2%, while S&P 500 futures increased by 1.3%. Futures linked to the Dow Jones Industrial Average saw a 0.5% increase of 185 points.

Nvidia’s premarket share price surged by over 12% following the chip maker’s announcement that its artificial intelligence division was the primary driver of a staggering 265% increase in overall revenue over the previous year. Nvidia, which is now the fifth-largest corporation in the United States based on market capitalization, predicted exceptional revenue growth for the current quarter despite higher than expected expectations.

Source (CNBC)

- Advertisment -

Most Popular

Bitcoin on the Rise: Will the Trend Continue?

Google UX Design Professional Certificate

Discover AI in Daily Life

Google IT Support Professional Certificate

Recent Comments