Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Nasdaq futures outperform after Nvidia puts AI fears to rest
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Business News›Markets›US Stocks›News›Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: Nasdaq futures outperform after Nvidia puts AI fears to rest LIVE BLOG Nvidia lifts Nasdaq futures as strong AI outlook eases demand concerns Synopsis Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stock futures rose on Thursday, led by Nasdaq futures after Nvidia's strong forecast eased concerns over slowing AI demand. Salesforce and CrowdStrike also gained after upbeat forecasts. Investors now turn to Federal Reserve Chair Kevin Warsh's Jackson Hole speech for clues on rates and inflation. Dow Jones| Nasdaq | S&P 500 | US Stock Market Today |Live Updates: US stock futures gained on Thursday, with Nasdaq futures outperforming after Nvidia's robust forecast reinforced confidence in continued AI spending. Nvidia shares jumped 7.2% in premarket trading, while Salesforce and CrowdStrike surged after raising forecasts. Chipmakers and software stocks also advanced. Focus now shifts to Federal Reserve Chair Kevin Warsh's Jackson Hole speech, as investors seek clues on interest rates and the inflation outlook following hotter-than-expected PCE data. Show more 1 New Update U.S. weekly jobless claims fell by 4,000 to 203,000, below economists' forecast of 208,000, indicating continued labour market stability despite weak hiring. The goods trade deficit widened to $118.8 billion in July from $101.4 billion in June, as exports fell 2.9% while imports rose 3.7%. The Federal Reserve's policy outlook remains uncertain after Wednesday's Personal Consumption Expenditures data came in slightly hotter than expected. The reading followed a benign consumer inflation report earlier this month and could complicate expectations around rate cuts. Weekly jobless claims are also due before markets open on Thursday, adding another key data point ahead of Warsh's speech. With Nvidia's results now out, investors are turning their attention to Federal Reserve Chair Kevin Warsh's first Jackson Hole address on Friday. Markets will closely assess his comments for signals on the central bank's approach to inflation and interest rates. Investors are particularly focused on the thresholds and economic data that could influence the Fed's policy stance. Software stocks also gained after Salesforce and CrowdStrike reported encouraging results. Salesforce jumped 11.6% after raising its annual revenue and profit forecasts and launching a new plug-in combining its capabilities with Anthropic's Claude AI models. CrowdStrike rose 9.5% after increasing its annual revenue forecast and beating second-quarter earnings expectations. Nvidia's upbeat outlook lifted the broader technology sector, with U.S. chipmakers Micron Technology, Marvell Technology and Broadcom gaining 4.1%, 4.7% and 1.7%, respectively. Data storage companies Sandisk and Western Digital also advanced. The gains reflected renewed investor appetite for companies positioned to benefit from continued AI infrastructure spending. Nasdaq futures outperformed on Thursday after Nvidia's strong forecast renewed investor confidence in the AI trade. Nvidia shares rose 7.2% in premarket trading after the chipmaker signalled continued demand for AI computing. The company cautioned that memory component shortages could limit industry growth, but the results helped counter concerns that the AI spending cycle may be nearing its peak.
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