U.S. stock futures ticked up Tuesday night as traders braced for Nvidia’s report after the bell. Dow futures added 27 points, S&P 500 futures rose by 0.1%, and Nasdaq 100 futures surged by about 0.3%.
That follows a strong cash session. The S&P 500 closed up nearly 0.8%, the Nasdaq Composite climbed about 1%, and the Dow Jones Industrial Average jumped 370 points, also roughly 0.8%, as worries about AI disruption across industries cooled off.
Investors are reassessing rich tech valuations and questioning how sustainable hyperscalers’ heavy AI capital spending really is.
Over in Asia, Japan’s Nikkei 225 surged 2.31% to 58,646.16, up 1,325.07 points, while the Topix rallied by 0.3%.
South Korea’s Kospi jumped 1.88% to 6,082.14, up 112.50 points, clearing the 6,000 level for the first time ever, thanks to tech giants SK Hynix (up 0.6%) and Samsung Electronics (+0.88%). Korea’s Kosdaq also edged higher by 0.16%.
Australia’s S&P/ASX 200 gained 1.17% to 9,128.30, up 106 points. Hong Kong’s Hang Seng rose 0.37% to 26,688.60, up 98.28 points, while mainland China’s Shanghai Composite added 0.63% to 4,143.25, up 25.841 points, and the CSI 300 gained 0.49%.
India’s Nifty 50 advanced 0.73% to 25,610.05, up 185.40 points. Taiwan’s benchmark climbed 1.8% for its fifth straight record close.
Back in the U.S., Advanced Micro Devices surged 8.8% after Meta Platforms announced a multiyear deal to deploy up to 6 gigawatts of AMD GPUs for AI data centers and take a performance-based warrant for up to 160 million shares.
That came a week after Meta said it is using millions of Nvidia chips in its buildout. Nvidia’s stock rose 0.7%.
Bitcoin also bounced about 2%, returning to around $65,000 after briefly dipping below $63,000 on Tuesday.
Source: https://www.cryptopolitan.com/its-nvidia-earnings-day/