Australian shares are expected to open higher on Thursday, following a turbulent session on Wall Street overnight as investors assessed Nvidia's quarterly results and bitcoin’s ongoing rally.
ASX 200 futures were up 11 points, or 0.1% by 8 am AEDT (9 pm GMT).
In the U.S., the Dow Jones Industrial Average gained 0.3%, the S&P 500 closed flat, and the Nasdaq slipped 0.1%.
Nvidia’s earnings for the third quarter, which ended October 27, exceeded expectations, with revenue soaring 94% year-over-year to US$35.1 billion.
However, its guidance for the next quarter fell short of market expectations, prompting a decline in after-hours trading.
“The age of AI is in full steam, propelling a global shift to Nvidia computing,” said Nvidia CEO Jensen Huang. He highlighted strong demand for the company's Hopper GPUs and anticipation for its Blackwell AI chips, now in full production.
Meanwhile, Bitcoin’s remarkable post-U.S. election rally continued unabated, with the cryptocurrency approaching $95,000.
It reached a peak of $94,917 before pulling back slightly, fuelling optimism in digital asset markets.
In Australia, approximately 30 companies are scheduled to hold their annual general meetings on Thursday.
On the local bond markets, 10-year and 2-year rates were at 4.586% and 4.120%, respectively.