Futures Little Changed After Two-Day Rally; Nvidia Shares Rise Modestly Following Blockbuster Results

Stock futures were little changed Thursday after major equities indexes staged a two-day rally, while shares of Nvidia pointed slightly higher after the AI chip giant’s highly anticipated quarterly results came in better than analysts expected. 

Dow Jones Industrial Average, S&P 500, and Nasdaq 100 futures all hovered near the flat line in recent trading. Yesterday, the tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow finished up 1.3%, 0.8%, and 0.6%, respectively, for their second straight session of gains after tumbling Monday on tariff and AI-disruption concerns.

After the bell Wednesday, Nvidia’s earnings report blew past Wall Street estimates as CEO Jensen Huang said customers are “racing to invest in AI.” Shares were up more than 1% before the bell.

Shares of Salesforce (CRM), which also reported results after markets closed yesterday, were down nearly 3% in premarket trading after the software company issued a full-year revenue projection that came up short of analysts’ expectations.

In other post-earnings moves, shares of IonQ (IONQ) soared 13%, J.M. Smucker (SJM) jumped 6.5%, C3.ai (AI) sank 25%, and The Trade Desk (TTD) fell 14%.

Nutanix (NTNX) stock soared 21% after the cloud-computing firm announced a partnership with Advanced Micro Devices (AMD) to develop an AI infrastructure platform. AMD shares slipped less than 1%.

Paramount Skydance (PSKY) stock advanced 1.5% while the company it is trying to acquire, Warner Bros. Discovery (WBD), was little changed after it reported results. Netflix (NFLX), which is attempting to buy certain assets from WBD, was up 1% as Politico reported that CEO Ted Sarandos was to visit the White House to discuss its potential acquisition.

Bitcoin, which surged yesterday, recently was trading around $68,300, down from overnight highs around $69,900. The 10-year Treasury yield, which influences interest rates on a variety of consumer loans including mortgages, was little changed from Wednesday’s close around 4.05%.

Gold futures declined 0.7% to below $5,200 an ounce, while silver futures fell 5% to $86.30 an ounce. West Texas Intermediate futures, the U.S. crude oil benchmark, were 2% lower at around $64 a barrel.

The U.S. dollar index, which tracks the value of the greenback against a basket of currencies, was little changed at 97.70.