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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

S&P 500 futures surged on Thursday, propelled by a surge in Nvidia’s stock price following the chip giant’s record revenue and optimistic guidance.

The S&P 500 futures rose by 1.2%, while Nasdaq 100 futures saw a gain of 2%. Similarly, Dow Jones Industrial Average futures increased by 110 points, or 0.3%.

Nvidia’s shares skyrocketed by 14% in premarket trading after the company reported a remarkable 265% increase in total revenue compared to the previous year, primarily attributed to its thriving artificial intelligence sector. The company, now ranked as the fifth-largest in the U.S. in terms of market capitalization, also projected strong revenue growth for the current quarter, surpassing high expectations for substantial expansion.

Source (CNBC)

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