US equity futures were little changed on Thursday as investors weighed Nvidia’s latest earnings and their implications for the broader wave of AI-driven demand that has propelled US stock indices over the past three years. Futures tied to the three major benchmarks were broadly flat.
Nvidia traded sideways in premarket action despite beating expectations on both earnings and revenue, highlighting the increasingly intense scrutiny facing the tech sector. Investors are questioning whether the surge in capital expenditure on AI computing has been overstated and whether such growth is sustainable.
Salesforce slipped 3% after issuing a muted sales outlook for its next fiscal year. Software-as-a-service providers more broadly have come under pressure this month amid concerns that rapid progress in AI automation tools could disrupt their business models.
Beyond technology, energy producers also edged lower as nuclear talks between Iran and the United States got under way, raising the possibility of a shift in how strictly Washington enforces sanctions and in the regulation of tanker traffic through the Strait of Hormuz.
