Stock futures were surging Thursday after chip maker Nvidia issued strong revenue guidance for the current quarter, putting to bed any fears that the artificial-intelligence boom was about to fizzle out.
Futures tracking the Dow Jones Industrial Average gained 226 points, or 0.5%. S&P 500 futures added 1.0%, and contracts tied to the tech-heavy Nasdaq 100 jumped 1.3%.
Nvidia beat analysts’ estimates for earnings and revenue and provided a January-quarter forecast that was well above Wall Street’s expectations, sending its shares up 5.1% in late trading. CFO Colette Kress said the guidance doesn’t assume any revenue from China, making the outlook even more impressive.
