Stock Market Today: US Markets Set to Keep Riding AI Boom
US futures were steady in premarket trading Friday after Nvidia posted a record $277 billion rise in its value on Thursday.
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US futures were steady in premarket trading Friday after Nvidia posted a record $277 billion rise in its value on Thursday.
Shares in the AI chipmaker surged as much as 14% in premarket trading after reporting better-than-expected quarterly revenues on Wednesday.
Traders are waiting on blockbuster earnings from AI juggernaut Nvidia, which is due to report after Wednesday's closing bell.
The S&P 500 and Nasdaq Composite were both on pace to start the week lower as traders returned after Monday's Presidents Day holiday.
US stock futures climbed on Thursday as Wall Street brushed off stubborn inflation and the news that both the UK and Japan have entered recession.