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29.10.202505:51:28UTC+00S&P, Nasdaq Futures Rise on AI Optimism

Futures associated with the S&P 500 and Nasdaq 100 saw an upward movement on Wednesday, as the ongoing excitement surrounding artificial intelligence bolstered market sentiment. Nvidia shares surged by over 8% during Asian trading on the Blue Ocean platform. This indicates potential further gains on Wall Street, especially after the affirmation by US President Donald Trump regarding his intention to discuss Nvidia’s Blackwell chips with China’s President, Xi Jinping. Nvidia CEO Jensen Huang introduced a range of new partnerships and downplayed any apprehensions about an AI market bubble. Simultaneously, investors are anticipating earnings reports from prominent tech giants collectively known as the "Magnificent Seven," with Alphabet, Meta, and Microsoft scheduled to announce their results post-market on Wednesday, followed by Apple and Amazon on Thursday. From a policy standpoint, the Federal Reserve is anticipated to reduce rates by 25 basis points later today, with market participants keenly observing Chair Jerome Powell's statements for insights on future easing measures.

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