Stock futures rise as Nvidia shares jump 4% after earnings: Live updates
Stock futures rose Wednesday night, with Nvidia shares up 4% after earnings. The chipmaker's revenue more than doubled, exceeding forecasts. Salesforce and Okta also gained, up 13% and 20% respectively. The major indexes ended Wednesday flat. Investors await the Federal Reserve's Jackson Hole symposium.
How this was made

The 30-second read
Why it matters
Earnings beats across three megacap tech names provide fresh bullish catalysts, while the upcoming Fed event adds macro uncertainty.
Market read
Strong earnings across leading tech firms likely boost Nasdaq and related tech ETFs.
What to watch
Potential supply‑chain constraints for Nvidia and macro‑risk from upcoming Fed symposium.
Background
Futures rose as investors digested earnings from Nvidia, Salesforce and Okta, with the Fed symposium looming.
Ticker impact
Nvidia reported fiscal Q2 revenue more than doubled, beating expectations and driving a >4% share rise.
Potential continuation of rally in after‑hours trading.
Revenue beat and bullish guidance for a megacap AI chipmaker typically translate into sustained price strength.
Salesforce posted Q2 revenue ahead of forecasts, sending the stock up 13%.
Likely short‑term upside as investors digest the surprise.
A single‑digit revenue beat for a large SaaS firm often yields a brief rally.
Okta beat expectations and reported strong demand for generative AI, lifting the stock nearly 20%.
Further upside possible if guidance remains upbeat.
Rapid price move on earnings surprise suggests momentum traders may stay active.
Market effects
AI chip and cloud SaaS sectors may see broader buying pressure.
U.S. tech‑heavy indices could receive a lift.
Global AI investment sentiment reinforced.
Counterpoint
Valuations may be stretched; a pull‑back could follow the rally.
Key entities
- CompanyNvidia
AI chipmaker delivering record revenue.
- CompanySalesforce
Cloud CRM firm beating revenue forecasts.
- CompanyOkta
Identity management firm with strong AI demand.



