U.S. stock futures are showing a positive trend as investors respond to a series of corporate earnings reports and look forward to upcoming inflation data. The S&P 500 and Nasdaq futures have both increased by nearly 1%, breaking a four-session losing streak, while the Dow Jones Industrial Average futures have risen by 0.3%, recovering slightly after a decline on Wednesday.
Market Overview
In the cryptocurrency market, Bitcoin has surged nearly 3%, trading above $86,000. Additionally, yields on the 10-year Treasury note have edged up to around 4.3%. However, gold futures have dipped by 1%, and oil prices have seen a similar increase.
Nvidia’s Performance
Nvidia’s stock has risen by 2.5% in volatile premarket trading following the release of its quarterly earnings, which exceeded expectations. The company, a leader in artificial intelligence technology, reported a fourth-quarter adjusted net income of $22.07 billion, with revenue soaring 78% year-over-year to $39.33 billion, surpassing consensus estimates.
Looking ahead, Nvidia has forecasted current-quarter revenue of approximately $43 billion, slightly above analysts’ expectations of $42.11 billion. This positive outlook has further boosted investor confidence in the company’s future performance.
Salesforce Challenges
In contrast, Salesforce is facing challenges as its stock has fallen by 3% in premarket trading after reporting earnings that did not meet market expectations. The cloud software provider posted adjusted earnings per share (EPS) of $1.75, with revenue growth of 8% year-over-year to $9.99 billion, both figures falling short of consensus estimates.
For fiscal 2026, Salesforce has projected adjusted EPS between $11.09 and $11.17, alongside revenue expectations of $40.5 billion to $40.9 billion. This disappointing outlook has raised concerns among investors about the company’s future performance and its ability to meet market expectations.
Snowflake’s Surge
On a more optimistic note, shares of Snowflake have surged by 13% in premarket trading following a strong earnings report and a positive outlook driven by robust demand for artificial intelligence solutions. The cloud software provider reported an adjusted EPS of $0.30 for its fiscal 2025 fourth quarter, with revenue increasing by 27% year-over-year to $986.8 million.
Analysts had anticipated lower figures, expecting an EPS of $0.18 and revenue of $957.6 million. Snowflake’s forecast of a 21%-22% increase in current-quarter product revenue has further excited investors, especially after the stock had experienced a nearly 30% decline over the past year.
Dell Technologies Outlook
Dell Technologies is also in the spotlight as its shares have risen by 2% ahead of its after-hours quarterly earnings report. Analysts expect the computer maker to report gains in both adjusted EPS and net sales, with particular attention on its Infrastructure Solutions Group, projected to see a 25% year-over-year revenue increase.
This anticipated performance comes on the heels of reports that Dell is nearing a significant deal to sell over $5 billion worth of servers powered by Nvidia’s GB200 chips to Elon Musk’s xAI. With shares having risen more than 25% over the past year, investors are keenly awaiting the earnings announcement for further insights into the company’s trajectory.
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