Nasdaq-100 futures are on the rise this morning, following a relatively quiet day in the market.
Here are five key points to kick off the trading day:
1. Nvidia delivered strong quarterly results and an improved revenue outlook, surpassing analyst expectations on both earnings and revenue. The company’s quarterly revenue more than doubled compared to the previous year, prompting a over 6% increase in its stock price before the market opened.
2. Meta settled a significant legal case with multiple state attorneys general, who accused the social media giant of misrepresenting the mental health impacts of its platforms on children. The company agreed to pay $16.7 billion, with the settlement approved by the court yesterday afternoon.
3. OpenAI provided more details about how its AI models were involved in a recent cybersecurity breach at Hugging Face, which it described as an “unprecedented cyber incident.”
4. A federal judge lifted the final injunction against President Donald Trump’s mail-in voting order, allowing the White House to implement new requirements ahead of the upcoming midterm elections.
5. The popularity of squishy toys is surging in the U.S., with sales reaching approximately $297 million through June, quadrupling from the same period last year.
Source (CNBC)
