S&P 500 Futures Dip as Investors Size Up Nvidia’s Earnings Beat

CNBC reported early Thursday that S&P 500 futures slipped slightly as investors parsed whether Nvidia‘s latest quarterly results genuinely cleared the lofty expectations the AI trade had built up. Nasdaq 100 futures held flat, while Dow futures fell roughly 50 points.

Nvidia Earnings Beat Fails to Fully Satisfy Markets

Nvidia delivered results that handily surpassed Wall Street’s profit and revenue forecasts. The chipmaker also lifted its quarterly cash dividend to 25 cents per share. Yet investors have grown accustomed to the company routinely topping estimates. Nvidia shares oscillated around breakeven in after-hours trade before dipping roughly 1%. The reaction underscored how demanding the market’s expectations have become for the AI hardware leader.

Also Read: What Nvidia’s Revenue Surge Means for the AI Spending Cycle

After-Hours Movers Show Mixed Corporate Picture

Beyond Nvidia earnings, the after-hours session produced sharply divergent moves. Intuit plunged around 13% after its revenue came in below analyst forecasts. The financial software firm also announced a workforce reduction of approximately 17%, cutting close to 3,000 positions. In contrast, cosmetics brand E.l.f. Beauty advanced roughly 4%. The company beat estimates on both revenue and profit. It also said it planned to reverse some price increases that had been tied to tariff pressures.

Wednesday’s Rally Snapped a Three-Day Losing Streak

Prior to Thursday’s cautious open, equities staged a broad recovery on Wednesday. Oil prices and Treasury yields both retreated, easing pressure on risk assets. A signal from President Donald Trump that the United States was nearing the end of nuclear talks with Iran helped lift sentiment. Scott Helfstein, head of investment strategy at Global X ETFs, told CNBC that a strong earnings season had improved the profit outlook. He cautioned, however, that worries over inflation and weakening demand had not gone away.

Also Read: Iran Nuclear Talks and Oil Prices: What Traders Are Watching

Asia Rallies and Key Data Ahead for Traders

Asian markets responded enthusiastically overnight. Japan’s Nikkei 225 surged more than 3.5% after export data showed the fastest growth since January, driven in part by semiconductor shipments. South Korea’s Kospi jumped around 7%, aided by averted strike action at Samsung Electronics. SoftBank Group spiked nearly 20% on AI optimism following Nvidia’s results. Back in the United States, investors were preparing for Walmart’s earnings before the opening bell. Traders also awaited jobless claims, housing figures, and manufacturing data due Thursday morning.

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