Stock futures traded slightly higher Tuesday evening (Wednesday AEDT) as investors turned their attention to Nvidia’s highly anticipated quarterly results.
By 10:20 am AEDT (11:20 pm GMT) Dow Jones Industrial Average futures, S&P 500 futures and Nasdaq 100 futures added 0.1% apiece.
In after-hours trade, Dolby Laboratories surged 12.1% after the company reported fourth-quarter results that exceeded analysts' earnings expectations.
Keysight Technologies rose 10% after beating fourth-quarter earnings estimates. The company reported non-GAAP net income of $288 million, or $1.65 per share, although it was a decrease from the previous year’s $352 million, or $1.99 per share.
In contrast, Powell Industries saw a 15% decline after reporting fourth-quarter revenue that missed analysts’ estimates.
During regular trade, Nvidia’s stock surged 4.9%, reflecting investor optimism ahead of its earnings report.
Investors are not only looking for strong third-quarter earnings from Nvidia but also for insight into the demand for its Blackwell AI chips, which CEO Jensen Huang recently described as having "insane" demand.
In addition to Nvidia’s results, investors are also looking ahead to speeches from Federal Reserve Governors Lisa Cook and Michelle Bowman, and Boston Fed President Susan Collins, for potential insights on monetary policy.