Nasdaq futures outperform after Nvidia puts AI fears to rest
Nvidia's shares rose 7.2% in premarket trading after the chip giant's robust forecast illustrated relentless demand for AI computing.
Nasdaq-100 E-minis surged 0.97% on Thursday, outpacing other markets, as Nvidia's strong forecast rekindled investor confidence in the AI trade. The chipmaker's bullish outlook, despite warning of potential memory component shortages, cheered tech stocks and reignited interest in global tech companies. South Korean and US chipmakers, storage firms, and software giants like Salesforce and CrowdStrike all saw gains.
Analysts believe the positive earnings news signals the tech rally isn't peaking just yet, but caution against chasing AI-related investments blindly.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 3 other outlets
- Dow Jones, S&P 500, Nasdaq: „Nvidia hält die Party am Laufen. Aber die Musik spielt jetzt in Jackson Hole" – Wall Street öffnet uneinheitlich handelsblatt.com
- Nasdaq futures outperform after Nvidia puts AI fears to rest freemalaysiatoday.com
- Nasdaq jumps as Nvidia's revenue outlook lifts chip stocks qz.com
