Futures gain with all eyes on high-stakes Nvidia results

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(Reuters) – U.S. stock index futures climbed on Wednesday, with the spotlight firmly on Nvidia quarterly results due later in the day that could potentially reignite an artificial intelligence-fuelled rally in megacap growth stocks this year. A blowout forecast from chip designer Nvidia last quarter helped the stock more than triple in value this year and powered large gains in other megacap shares in the ‘Magnificent Seven’ group, propelling the S&P 500 14% higher. Rising bets that Nvidia’s revenue target will once again surpass Wall Street estimates pushed the chipmaker’s stock to a record h…

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