FX.co ★ US Futures Rally as Nvidia Boosts AI Trade

U.S. stock futures rose on Thursday, fueled by Nvidia's impressive quarterly performance and optimistic forecast, which revived enthusiasm for the artificial intelligence sector. Nasdaq 100 futures increased by 1.4%, while the S&P 500 and Dow saw gains of 0.9% and 0.3% respectively. Nvidia's shares jumped over 5% in after-hours trading following their announcement of strong earnings and revenue, coupled with a fourth-quarter sales forecast that exceeded expectations. CEO Jensen Huang highlighted the exceptionally high demand for their Blackwell chips. Additionally, shares of other chipmakers and AI-related companies such as AMD, Micron Technology, Broadcom, and Palantir also saw increases ranging from 2.9% to 4.1%. In Wednesday’s trading session, the Dow rose by 0.1%, the S&P 500 by 0.38%, and the Nasdaq Composite by 0.59% as investors assessed mixed retail earnings and the latest Federal Open Market Committee minutes. The market now shifts its attention to the delayed September jobs report to gauge the strength of the labor market.