Vectors Research Management LLC Sells 3,413 Shares of NVIDIA Corporation $NVDA

Wall Street futures rose as tech buying lifted Nvidia, Intel and Micron after Wednesday’s selloff pushed major indexes down over 1% and tech into correction territory. Oil eased on expectations of renewed Strait of Hormuz talks amid US-Iran exchanges of messages. Dow E-minis +0.73%, S&P 500 +0.74%, Nasdaq 100 +1.19%. Investors also await US producer prices and jobless claims; Oracle fell 7% on higher-than-expected fiscal 2027 capex, while Navan rose 17.6% after raising full-year forecasts.

U.S. stock index futures rose Thursday as investors bought beaten-down tech shares after a prior selloff pushed the Nasdaq and others into correction territory. Nvidia, Intel and Micron were up in premarket trading. Signs of progress in U.S.-Iran peace talks and expectations for Strait of Hormuz reopening helped lift risk sentiment and weigh on oil. Dow E-minis +0.73%, S&P 500 E-minis +0.74%, Nasdaq 100 E-minis +1.19%.

Bernstein says rising memory prices could raise costs for Nvidia’s customers as AI systems scale. It estimates Nvidia’s Vera Rubin NVL72 will cost about $9.1M per rack, with memory/storage reaching ~$3.2M as high-bandwidth memory prices more than triple by shipment. For a 1-gigawatt data center, it estimates ~$47B vs ~$40.5B with prior chips. Bernstein also cites higher networking, cooling, and power costs, and says Nvidia may pass increases via pricing power.

Nvidia reported fiscal 2027 Q1 revenue up 85% year over year to $81.6B, with data center revenue up 92% to $75.2B, and adjusted EPS up 140% to $1.87, driven by demand for Blackwell and Vera Rubin chips. The company guided Q2 revenue up 95% to $91B and said it will return 50%+ of free cash flow to shareholders. It raised its quarterly dividend to $0.25.

Asian shares were mixed after another sell-off in U.S. AI stocks dragged Wall Street lower. U.S. futures rose; Tokyo’s Nikkei edged up, while Hong Kong’s Hang Seng fell. The S&P 500 dropped 1.6%, the Dow fell 1.9%, and the Nasdaq slid 2%. Super Micro fell 28% after planning $7B share sales; Nvidia and Broadcom also fell. Oil eased after Iran-related strikes.

Asian shares mostly fell after another Wall Street sell-off in AI stocks. U.S. futures rose and oil climbed more than $1 a barrel; Brent rose 1.8% to $93.10. Tokyo’s Nikkei fell 0.5% and South Korea’s Kospi slipped 0.2%, while Hong Kong’s Hang Seng edged up. In the U.S., the S&P 500 fell 1.6%, led by Nvidia (-3.7%) and Broadcom (-5.1%); Super Micro Computer dropped 28% after plans to raise $7 billion.