US Futures Gain on Nvidia, Dollar Holds Rally: Markets Wrap
Written by Black Hot Fire Network on May 23, 2024
(Bloomberg) -- US equity futures rallied following upbeat earnings from Nvidia Corp. released after the New York close, which reinforced optimism for the global artificial intelligence boom.
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Nvidia said second-quarter revenue will be about $28 billion, beating analysts’ estimates. The company also announced a 10-for-1 stock split and boosted its quarterly dividend by 150% to 10 cents a share. S&P 500 and Nasdaq 100 futures both gained after Nvidia’s results sent its shares as much as 7% higher in after-hours trading.
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