US Futures Rise on Nvidia’s Sales Outlook

US stock futures climbed on Thursday after Nvidia delivered a bullish sales outlook, signaling that artificial intelligence-driven demand could remain strong through 2028. Nasdaq 100 futures jumped 1%, while Dow and S&P 500 futures each gained around 0.5%. In extended trading, Nvidia shares surged more than 4% following better-than-expected Q2 results and strong revenue guidance, with its outlook providing fresh evidence that spending on AI infrastructure remains robust. Salesforce also jumped nearly 13% after reporting higher-than-expected Q2 revenue, while Okta soared 20% after topping estimates and citing booming demand for agentic AI. Investors now await more earnings reports on Thursday from Workday, Autodesk, MongoDB, Dollar General and Best Buy, among others. In regular trading on Wednesday, the Dow fell 0.21%, while the S&P 500 and Nasdaq Composite slipped 0.02% and 0.08%, respectively.

The Dow Jones Index fell 87 points or 0.16 percent on Wednesday to close at 53490 points. Leading the losses are Nike (-2.28%), Alphabet (-2.27%) and Merck (-2.12%). Top gainers were Honeywell International (1.72%), Caterpillar (1.33%) and Apple (1.20%).

US stock indices closed mixed on Wednesday ahead of Nvidia’s earnings report. The S&P 500 closed near flat, the Nasdaq inched higher, and the Dow shed 113 points. Technology stocks mostly advanced ahead of Nvidia’s (-1.6%) results, which are expected to provide clues on capital spending by AI hyperscalers. Forecasts point to nearly doubled year-on-year revenue, which would mark the fastest growth in two years. Chipmakers and hyperscalers were mostly higher, with Microsoft up 0.9%, Meta rising 1.1%, Micron adding 0.6%, and AMD gaining 0.4%. Meta also benefited from a settlement with US states over its social media strategy targeting teenagers. Meanwhile, Intuit shed 3.2% after its outlook fell short of the higher end of market expectations. Traditional sectors remained under pressure amid concerns over adverse macroeconomic conditions, while robust consumer spending and income growth, alongside higher-than-expected PCE readings, reinforced expectations for a restrictive Fed.