US stock futures climbed on Wednesday as Wall Street braced for the release of Nvidia’s (NVDA) quarterly earnings report.
Contracts on the Nasdaq 100 (NQ=F) led the advance, up roughly 0.7%, on the heels of a sharp loss for the tech-heavy index. S&P 500 futures (ES=F) put on 0.4%, while Dow Jones Industrial Average futures (YM=F) added 0.2%.
Investors are eager to get a sense of how much revenue Nvidia has generated from its Blackwell chips when the AI bellwether releases its fourth quarter results after the bell. But concerns have grown about how US tariff threats and export controls could impact its prospects, ahead of its new product showcase in March.
The report comes as most of the “Magnificent Seven” tech stocks, including Nvidia, have lagged the S&P 500 so far this year and aren’t contributing nearly as much to the gains seen in the benchmark average as in the past two years. Nvidia stock slid 2.8% on Tuesday, but saw a 1.5% pop in pre-market trading.
Super Micro Computer (SMCI) shares surged 22% after the data center server maker met a deadline to submit delayed regulatory filings and avoid a Nasdaq delisting. The stock has rallied in recent days as it boosting investor confidence in its ability to recover from accusations of accounting violations.
The extent of President Donald Trump’s tariff plans also continued to take shape with the president directing the US to study imposing levies on copper.
