Market Cools as Nvidia’s Blowout Earnings Fail to Ignite Futures

 

U.S. stock futures were mixed Thursday morning as investors digested Nvidia’s latest blockbuster earnings—results that impressed on paper but didn’t translate into broad market enthusiasm. Dow futures edged slightly higher, while S&P 500 and Nasdaq futures hovered near the flatline, reflecting a cautious mood across Wall Street.

Nvidia delivered strong beats on quarterly revenue and profit, along with guidance that topped expectations. Despite the stellar numbers, the stock’s initial surge faded as traders questioned whether the AI boom can continue delivering outsized returns. Shares ultimately pared gains to under 1% in early trading.

The broader market’s hesitation stems from growing concerns about the sustainability of heavy AI investment. Salesforce’s weaker outlook added to the uncertainty, dragging software shares and reinforcing fears that not all tech giants will benefit equally from the AI wave.

Meanwhile, geopolitical tensions—including renewed U.S.–Iran nuclear discussions—added another layer of caution, contributing to slight declines in S&P 500 and Nasdaq futures overnight. 

Overall, despite Nvidia’s standout performance, investors appear to be waiting for clearer signs that the AI-driven rally can broaden beyond a handful of mega-cap leaders.

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