Stock Market Update: Futures Rise Amid Nvidia Earnings and Economic Signals
U.S. stock futures climbed on Thursday, recovering from early premarket losses, as investors analyzed Nvidia’s (NVDA) earnings report and revenue forecast. The company’s results provided mixed signals about the trajectory of AI-driven growth, while broader economic data shaped market sentiment.
Nvidia Earnings: Profit Beats, Revenue Growth Slows
Nvidia surpassed profit expectations for the third quarter, but its revenue outlook hinted at a slowdown. The chipmaker is grappling with supply chain constraints that will limit deliveries of its Blackwell chip, dampening revenue growth in the near term. Despite this, analysts suggest that pent-up demand for Nvidia’s industry-leading AI chips could translate into significant revenue gains once supply issues ease, possibly extending into 2026.
Initially, Nvidia’s shares dipped in premarket trading, but they recovered as investors debated the company’s long-term prospects in the AI boom.
Tech Sector Developments
Elsewhere in tech, Alphabet’s (GOOG, GOOGL) shares edged lower after the U.S. Department of Justice called for Google to divest its Chrome browser in an antitrust case. However, the DOJ refrained from imposing similar measures on Android, opting instead to propose remedies or divestiture options.
Economic Indicators: Jobless Claims and Interest Rate Expectations
Weekly jobless claims fell to 213,000, down from the prior week’s revised 219,000. This data highlights continued resilience in the labor market. Investors interpreted the report as a factor in the Federal Reserve’s decision-making process for interest rate cuts. Market participants now assign a 44% probability of the Fed maintaining current rates at its December meeting, up from 28% last week, according to the CME FedWatch tool.
Trump’s Cabinet Picks and Cryptocurrency Surge
Markets are closely watching for Donald Trump’s announcement of his Treasury Secretary pick, which could shape economic policy expectations.
Meanwhile, bitcoin (BTC-USD) surged 5% to reach a new record high above $98,000, approaching the $100,000 milestone. Reports suggest that Trump’s team is considering appointing a White House crypto policy chief, further fueling optimism in the cryptocurrency market.
Conclusion
As investors weigh Nvidia’s long-term potential, labor market strength, and signals from the Federal Reserve, U.S. markets remain sensitive to broader economic and political developments. Cryptocurrency enthusiasts, meanwhile, are celebrating bitcoin’s relentless rise, underscoring a dynamic and evolving market environment.