U.S. stock index futures advanced early Thursday, led by gains in technology shares, after Nvidia reported quarterly revenue that more than doubled from a year ago and forecasted 70% revenue growth for fiscal 2028, reinforcing investor confidence in artificial intelligence demand.
S&P 500 futures rose 0.5% to 7,726.75 points, while Nasdaq 100 futures climbed 0.9% to 29,552.75 points. Dow Jones futures edged 0.3% higher to 53,701.00 points. The moves followed a mixed session Wednesday, when the S&P 500 ended down 0.02%, the Nasdaq Composite slipped 0.1%, and the Dow Jones Industrial Average fell 0.2%.
Nvidia’s after-hours shares surged more than 5% after the company reported data-center revenue jumped 117% year-over-year. The chipmaker, described as the world’s largest company in the report, also projected strong fiscal 2028 revenue growth, further fueling optimism in AI-related investments.
In after-hours trading, Salesforce shares surged 13% after the company beat Wall Street’s second-quarter revenue forecast. CrowdStrike Holdings rose 10% following an upward revision to its annual revenue guidance. HP shares declined 9% as PC shipments continued to decline, while Synopsys was among companies whose quarterly results were being assessed by investors.
Macro data showed the Personal Consumption Expenditures price index rose 3.7% in July from a year earlier, slightly above economists’ estimate of 3.6%. Month-over-month prices increased 0.2%, compared with an expected 0.1% rise. The Federal Reserve and its chair, Kevin Warsh, remain key focal points ahead of the Jackson Hole economic symposium, where monetary policy signals are widely anticipated.
