Nasdaq Futures Rise After Strong Nvidia Earnings; Jackson Hole Summit Looms
Nasdaq futures surged on Thursday following strong earnings from chipmaker Nvidia, which reported better-than-expected Q2 results and issued upbeat guidance for the remainder of fiscal year 2028. The company’s CFO projected a revenue growth rate of 70%, far exceeding analyst estimates of 45%. This positive outlook helped revive investor confidence in AI-related stocks. In addition to Nvidia, other tech firms like CrowdStrike and Salesforce also posted strong results driven by increased demand for their services related to artificial intelligence. These gains contributed to a broader rise in Nasdaq futures ahead of the Federal Reserve’s Jackson Hole symposium later this week. Meanwhile, economic data showed resilient U.S. growth with core PCE inflation remaining stable at 3.3% year-over-year and GDP unchanged at +1.5%. The market is now closely watching for any hints on future monetary policy from Fed officials.
Topics: AI Earnings Report Nvidia Stock Market Reaction