Nasdaq futures jump as Nvidia leads AI-driven rally
Published by
Reuters
Reuters
(Reuters) – Nasdaq futures jumped more than 1% on Thursday, led by a surge in Nvidia after a blowout forecast, while talks on raising the U.S. debt ceiling showed some signs of progress. Shares of Nvidia Corp, the World’s most valuable listed chip company, jumped 24% in premarket trading. The company is Wall Street’s fifth-most valuable firm. The chipmaker forecast current-quarter revenue more than 50% above Wall Street estimates and said it was ramping up supply to meet surging demand for its artificial-intelligence chips used to power ChatGPT and many similar services. This helped it lead a …