Stock futures shot up Wednesday night after Nvidia blew past expectations yet again. The chip giant posted record revenue and profit, and its stock took off in after-hours trading. That kind of performance really woke up the whole market—especially for investors who’ve been anxious about the AI boom running out of steam. Nvidia’s optimistic outlook gave them something to cheer about.
Nvidia’s Results Ease Valuation Concerns Across AI Stocks
Nvidia didn’t just beat the forecasts—it crushed them, and for now, that put a lot of doubts about inflated AI valuations on ice. Profit surged 65%, making this one of Nvidia’s best quarters since the AI wave really took off. The stock jumped about 5% after the bell, which dragged up other chipmakers and big names like Microsoft and Amazon too. S&P 500 futures climbed 0.9%, and Nasdaq 100 futures rose 1.4%. With traders expecting Nvidia shares to swing as much as 7% before Friday, you could feel the buzz.
Earlier in the early hours, Nvidia’s stock jumped 2.8%. Alphabet ended 3% up, hitting a fresh peak. Each main index closed in the green—Nasdaq rose 0.6%, whereas S&P 500 and Dow broke a four-day slide.
Jobs Report Delay Adds Uncertainty Ahead of Fed Meeting
Still, things aren’t going perfectly. The job stats agency (Bureau of Labor Statistics) just announced they’re pushing back the October employment data to December 16 – thanks to the federal closure. This shift places the release just after the upcoming central bank decision, so investors now assume no interest rate drop this month.
Switching gears, Lowe’s had a good day too. The stock jumped 4% on strong online sales, which helped balance out some of the weakness in the home improvement market.
