Nvidia Leads Rise In Stock Futures As Chipmaker's Blockbuster Earnings Ease AI Bubble Fears

Core Viewpoint - U.S. stock futures experienced a significant increase, primarily driven by Nvidia's strong earnings report, which alleviated concerns about a potential artificial intelligence bubble in the market [1][2]. Group 1: Nvidia's Earnings Performance - Nvidia reported $57 billion in revenue for the third quarter, surpassing analyst expectations of $54.9 billion [3]. - A substantial portion of Nvidia's revenue, $51.2 billion, was generated from data center sales, reflecting the growing demand for AI infrastructure [3]. - The company's revenue increased by 22% from the second quarter and 62% year-over-year [3]. Group 2: Market Reaction - Nvidia's stock rose to $195.20 in premarket trading, marking an increase of over 4.6% from the previous day's close [1]. - Key futures indexes also saw gains, with the S&P 500 futures up 1.15% and Dow Futures up 0.56% [2]. - The Nasdaq futures index recorded the largest increase, rising 1.5% [2]. - Nvidia's strong earnings positively impacted its competitors, with AMD, Broadcom, and Intel shares rising by 4.1%, 3%, and 1.8% respectively [2].