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U.S. stock futures edged higher on Wednesday as investors prepared for the highly anticipated fourth-quarter earnings report from Nvidia (NASDAQ: NVDA), a key player in the artificial intelligence boom.
Market Overview
As of 06:37 ET (11:37 GMT), the Dow Jones Industrial Average futures gained 134 points (0.3%), S&P 500 futures rose by 31 points (0.5%), and Nasdaq 100 futures increased by 166 points (0.8%).
In the previous session, the S&P 500 and Nasdaq Composite closed lower, while the Dow Jones added 160 points (0.4%). Investors weighed weaker U.S. consumer confidence data, which indicated concerns over the inflationary impact of President Donald Trump’s proposed import tariffs.
Nvidia Earnings in the Spotlight
Investor attention is now firmly on Nvidia’s fourth-quarter earnings, set to be released after market close. As a dominant force in AI chip development, Nvidia has been a key driver of the AI investment boom. However, concerns over competition from emerging players, such as Chinese start-up DeepSeek, have raised questions about the long-term sustainability of AI-driven revenues.
Nvidia’s stock suffered a historic $593 billion loss in market value in late January after DeepSeek unveiled a low-cost AI model, triggering fears of an AI pricing war. Despite this setback, analysts expect Nvidia to report fourth-quarter revenue of $38.25 billion, with $34.06 billion coming from its data center segment. The company’s guidance for the first quarter is projected at $42.26 billion.
Stock Movers in Focus
- Super Micro Computer (NASDAQ: SMCI) surged in premarket trading after filing its delayed financial reports, ensuring compliance with Nasdaq listing requirements.
- Lowe’s (NYSE: LOW) reported fourth-quarter earnings that surpassed estimates, with growth driven by a focus on both retail and professional customers.
- Workday (NASDAQ: WDAY) spiked over 12% after posting strong fourth-quarter earnings and providing optimistic guidance for the fiscal year ahead.
- SES AI (NYSE: SES) and Nano Nuclear Energy (NASDAQ: NNE) saw gains following reports that Meta Platforms (NASDAQ: META) is in talks to develop a new AI data center campus.
- Flywire (NASDAQ: FLYW) shares declined after the company reported weaker-than-expected fourth-quarter revenue.
Commodity and Crypto Market Trends
- Oil prices remained subdued after hitting two-month lows in the previous session, with traders awaiting official U.S. stockpile data.
- Gold prices hovered near recent record highs, supported by safe-haven demand amid trade and economic uncertainties.
- Bitcoin traded near a three-month low as risk-off sentiment weighed on the cryptocurrency market.
Investors will continue monitoring macroeconomic indicators, Nvidia’s earnings results, and the evolving landscape of AI-driven investments as markets seek direction in the coming days.
