Dow, S&P 500, Nasdaq futures falter after Nvidia’s big beats on earnings and forecast
US stock futures stalled on Thursday as investors sifted through earnings from chip heavyweight Nvidia (NVDA) for a steer on the next leg of the AI trade.
Dow Jones Industrial Average futures (YM=F) edged down 0.2%, following solid wins for stocks more broadly on Wednesday. Contracts on the S&P 500 (ES=F) and the tech-exposed Nasdaq 100 (NQ=F) both slipped 0.1%.
Nvidia (NVDA) shares jumped on the heels of a big earnings beat before paring gains to about 1% in premarket. The semiconductor giant topped Wall Street expectations for quarterly profit and revenue, soothing some fears around the “AI scare trade” that has gripped markets. By contrast, Salesforce (CRM) shares fell roughly 4%, continuing an AI-driven sell-off that’s seen the stock drop 28% year-to-date.
Looking ahead on the economic calendar, investors will parse weekly jobless claims data due Thursday, followed by January’s producer price index report on Friday.
Wall Street also continues to see earnings come through, with quarterly results from Warner Bros. Discovery (WBD), Dell Technologies (DELL) and CoreWeave (CRWV) all slated to report Thursday.
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Salesforce stock slips after FY revenue forecast misses the mark
Shares of Salesforce (CRM) fell almost 4% in premarket trading after the software company’s fiscal 2027 revenue forecast came in below Wall Street expectations on Wednesday.
The San Francisco-based company flagged sluggish spending on enterprise business software as it invests heavily in its AI platform to drive up demand.
Reuters reports:
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