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)
