U.S. Stock Futures Rally on Nvidia’s Strong Earnings, Easing AI Sector Concerns
U.S. stock futures surged Wednesday night following Nvidia's better-than-expected Q3 results, dispelling lingering fears about an AI bubble. The Nasdaq 100, Dow Jones, and S&P 500 futures climbed 1.74%, 0.43%, and 1.18% respectively, marking a sharp reversal from recent tech-led declines.
Investor sentiment toward AI stocks improved markedly after Nvidia's earnings beat, though major indices remain down for the week amid broader tech sector volatility. All three benchmarks had snapped four-day losing streaks earlier in the day as markets positioned for the chipmaker's report.
Attention now turns to delayed September nonfarm payrolls data and earnings from retail giants like Walmart, which could provide further direction for risk assets. The AI sector's resilience suggests markets may be recalibrating rather than retreating from transformative technologies.
