US stock futures are climbing on Wednesday as investors gear up for Nvidia’s (NVDA) highly anticipated quarterly earnings report, which will be released after the market close.
Futures for the Nasdaq 100 (NQ=F) are leading the charge, up around 0.7%, following a significant loss for the tech-heavy index in the previous session. S&P 500 futures (ES=F) are up 0.4%, and Dow Jones Industrial Average futures (YM=F) have added 0.2%.
A key focus for investors is how much revenue Nvidia has generated from its Blackwell chips, with analysts eager to assess the company’s performance. However, there are growing concerns about how US tariff threats and export controls could impact Nvidia’s prospects ahead of its product showcase in March. The company’s stock slid 2.8% on Tuesday but saw a slight recovery, gaining 1.5% in pre-market trading.
While Nvidia and other major tech stocks, part of the “Magnificent Seven,” have underperformed the S&P 500 this year, they have contributed less to the benchmark’s gains than in previous years. Investors are hoping that Nvidia’s earnings report will provide a clearer picture of the tech sector’s health.
In other market news, Super Micro Computer (SMCI) saw its stock surge 22% after it met the deadline to submit delayed regulatory filings, which helped the company avoid a Nasdaq delisting.
Meanwhile, President Donald Trump’s executive order investigating the potential imposition of tariffs on copper has led to a spike in copper prices, up 4.5% on Wednesday.
Investors are also watching for earnings reports from major companies, including Stellantis (STLA), Lowe’s (LOW), and Salesforce (CRM), which will report their quarterly results later today.
