US stock futures rise as Nvidia results ease AI bubble fears
US stock index futures rose Thursday after Nvidia's strong results boosted confidence that artificial intelligence spending will continue growing, alleviating fears of an AI bubble. Nvidia shares jumped over 6% in after-hours trading after projecting roughly 70% revenue growth for fiscal 2028, beating analyst expectations of about 44%. The company also forecast $108 billion in next-quarter revenue, after reporting $96.2 billion in second-quarter sales, up 106% year-over-year. CEO Jensen Huang said demand for AI accelerators keeps accelerating. Investors are also watching the Federal Reserve's Jackson Hole symposium starting Thursday)Skip — while European semiconductor stocks rallied following Nvidia's outlook, and Asia-Pacific markets closed mixed with South Korea's Kospi up 1.5%. Oil prices fell on potential Strait of Hormuz reopening talks.