Nvidia earnings lift AI trade, Nasdaq futures up 1%

Nvidia's strong earnings report boosted AI trading sentiment, with Nasdaq 100 futures rising nearly 1% on Thursday while Dow futures dipped slightly. European major indices mostly declined. Nvidia released robust quarterly results after Wednesday's close, significantly beating market expectations and providing an optimistic outlook for the coming year, projecting 70% revenue growth for fiscal 2028. CrowdStrike and Salesforce also supported markets with strong AI-driven earnings, rising about 10% each in premarket trading. UBS analysts remain bullish on the broader AI growth narrative, noting fundamentals stay solid despite concerns over AI capital expenditure sustainability. Oil prices lacked clear direction as investors monitored diplomatic efforts to ease tensions in the Strait of Hormuz.