Equities: Tech earnings lift futures after quiet session – Deutsche Bank
The Deutsche Bank strategists describe a modestly positive shift in equity sentiment following Nvidia’s earnings. After a quiet cash session for the S&P 500 and Nasdaq, Nvidia’s revenue beat and bullish AI outlook pushed its shares up 4.7% after-hours, lifting S&P 500 and Nasdaq futures.
Deutsche Bank strategists noted a modest uptick in equity sentiment following Nvidia's earnings. After a subdued trading day for the S&P 500 and Nasdaq, Nvidia's revenue beat and optimistic AI outlook drove its shares up 4.7% after-hours, propelling S&P 500 and Nasdaq futures. Salesforce and CrowdStrike releases, along with Nvidia's medium-term revenue growth outlook, bolstered global tech-linked equities.
Following a mixed session yesterday, the market sentiment has recently turned more positive overnight, thanks to Nvidia's earnings last night. The company's results exceeded revenue expectations, with guidance for the current quarter slightly ahead of estimates. Crucially, management's bullish outlook on revenue growth for the upcoming fiscal year, starting in January 2027, ignited optimism about sustained AI demand growth.
Nvidia's shares rose by 4.7% by the end of after-hours trading, contrasting with a -1.59% decline in the regular session, leading to gains in S&P 500 (+0.48%) and Nasdaq (+0.83%) futures. The tech optimism has also been fueled by Salesforce's stronger-than-expected sales outlook, a deepened partnership with Anthropic, and CrowdStrike's nearly 10% post-hours surge.
This tech sentiment boost has supported Asian markets' gains, with the Kospi (+1.49%) leading, and the CSI 300 (+0.50%), Shanghai Composite (+0.60%), and Nikkei (+0.18%) also posting positive results, though the Hang Seng (-0.46%) is declining.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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