US Futures Rise on Strong Earnings from Nvidia and Improved Outlook at Salesforce
US stock futures rose as investors reacted positively to stronger-than-expected results from Nvidia (NASDAQ:NVDA) and an improved full-year outlook from Salesforce (NYSE:CRM). Nvidia's quarterly revenue exceeded forecasts, with the company providing ambitious guidance for future growth. This reinforced optimism around AI investment cycles. Salesforce also raised its earnings forecast following better-than-expected performance and announced a broader artificial intelligence partnership. The market gains came after a weaker session on Wall Street earlier in the week as investors prepared for Nvidia's results and assessed recent inflation data, which showed mixed signals but did not derail expectations of stable interest rates at the Federal Reserve’s September meeting. Analysts noted resilient economic indicators that could delay rate cuts later this year. The positive sentiment was also supported by a decline in oil prices due to easing geopolitical tensions in the Middle East and anticipation for Fed Chair Kevin Warsh's speech at Jackson Hole.
Topics: artificial intelligence economic indicators stock market performance