US Stock Futures Hold Higher
2026-08-12 11:35
By
Andre Joaquim
1 min. read
Futures tracking US stocks were higher on Wednesday amid strong results from AI companies.
The S&P 500 inched higher to test its record from last week, while the Dow and Nasdaq 100 hovered above the flatline.
CoreWeave surged up to 20% premarket after posting stronger than expected sales results.
Similarly, SMCI advanced nearly 10% after its revenue forecast was higher than expected by analysts.
Hyperscalers and chip producers also gained from strong results from Tencent, while Temasek took fresh stakes on SK Hynix and Samsung.
The results injected fresh optimism on AI infrastructure stocks amid their volatile start to the third quarter.
Nvidia, Oracle, and Amazon were up.
Meanwhile, incoming inflation data is expected to show core inflation slowed for a second month in July, easing pressure on the FOMC to raise interest rates next month.
Still, uncertainty on the return of energy supply from the Middle East maintained inflationary concerns.