September Nasdaq 100 E-Mini futures (NQU26) are up +1.06% this morning as stellar results and guidance from Nvidia revived enthusiasm for the AI trade.
Nvidia (NVDA) surged over +7% in pre-market trading after the chipmaker posted upbeat Q2 results, issued strong Q3 revenue guidance, and gave an FY28 revenue growth forecast that smashed Wall Street’s estimates. Nvidia’s finance chief Colette Kress said the company expects revenue to grow 70% in fiscal 2028, well above analysts’ estimates for a 45% increase. The bullish outlook helped ease concerns over the sustainability of AI-related spending. Other chipmakers and AI infrastructure stocks jumped in pre-market trading.