S&P 500 futures edged up in overnight trading Wednesday, boosted by a jump in Nvidia shares as the chip giant posted record revenue and issued upbeat guidance.
S&P 500 futures rose 0.5% and Nasdaq 100 futures gained 1%.
Nvidia shares popped more than 8% in after-hours trading after the chip company said total revenue rose a whopping 265% from a year ago, driven by its booming artificial intelligence business.
AI enthusiasm has powered the jaw-dropping rally in Nvidia, along with other Big Tech names, over the past year.
"Investors should know that the path of disinflation will likely be choppy, creating volatility in the rates market," said Jeffrey Roach, chief economist at LPL Financial.
Persons:
David Russell, Jeffrey Roach
Organizations:
New York Stock Exchange, Nasdaq, Dow Jones, Nvidia, Big Tech, Bears, Federal, LPL, Moderna, Builders, Live, Booking Holdings, Intuit
Locations:
U.S