FX.co ★ US Futures Rally on Nvidia’s Blowout Earnings

U.S. stock futures experienced an uptick on Thursday, spurred by Nvidia's release of quarterly results that surpassed expectations. Futures linked to the Dow Jones Industrial Average, the S&P 500, and the Nasdaq 100 each increased by over 1%. In after-hours trading, Nvidia's stock appreciated more than 5% subsequent to its announcement of first-quarter earnings and revenue figures that exceeded projections. This performance was largely attributed to a 73% year-over-year growth in its data center division. The results illustrate a sustained strong demand from the artificial intelligence sector, notwithstanding challenges arising from U.S. export restrictions to China. Nvidia's CEO, Jensen Huang, remarked that the company is missing out on billions in potential revenue due to sales limitations with China. Meanwhile, Wednesday’s regular trading session concluded with declines across major indices: the Dow Jones fell by 0.58%, the S&P 500 decreased by 0.56%, and the Nasdaq Composite dropped by 0.51%. These downturns came in the context of renewed trade tensions, following reports that the Trump administration had recommended U.S. firms cease certain semiconductor software sales to China.