U.S. stock futures moved higher early Thursday as chip giant Nvidia (NVDA) delivered better-than-expected results for the third quarter of Fiscal 2026. The company issued a strong forecast for Q4 sales on “off the charts” demand for its Blackwell chips, easing concerns about an AI bubble and funding risks. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were up 1.74%, 1.29%, and 0.64%, respectively, at 3:50 a.m. EST on November 20.
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During Wednesday’s regular trading, all three major U.S. indices rose and ended a four-day losing streak for the S&P 500 and Dow, ahead of Nvidia’s Q3 results. The Nasdaq Composite, the S&P 500, and the Dow gained 0.59%, 0.38%, and 0.10%, respectively, yesterday.
Turning to trending stocks, Nvidia shares surged 5.1% in Wednesday’s extended trading session, driven by the AI GPU company’s robust performance. Nvidia’s strong performance also sparked a 4.5% and 2.9% rise in Advanced Micro Devices (AMD) and Broadcom (AVGO) stocks, respectively.
In contrast, Palo Alto Networks (PANW) stock was down 3.7% in Wednesday’s after-hours trading on a mixed outlook and the announcement of the acquisition of Chronosphere for $3.35 billion. Investors will now focus on retail giant Walmart’s (WMT) earnings before the market opens.
Also, traders await the release of September nonfarm payrolls data by the Bureau of Labor Statistics on Thursday morning. The key data was delayed earlier due to the U.S. government shutdown.
Meanwhile, the U.S. 10-year Treasury yield was up, floating near 4.133%. WTI crude oil futures were trending higher, hovering near $59.84 per barrel as of the last check. Additionally, the Gold Spot U.S. dollar price decreased to nearly $4,052 per ounce.
Elsewhere, in Europe, markets opened higher on Thursday, as investors reacted positively to Nvidia’s results.
Asia-Pacific Markets Traded Mixed on Thursday
Asia-Pacific markets traded mixed today. Hong Kong’s Hang Seng Index closed modestly higher at 0.02%. Notably, the Hong Kong-listed shares of the world’s largest battery maker, CATL (HK:3750), plunged today, as the end of the lockup expiry period sparked profit-taking by investors. In China, the Shanghai Composite closed 0.40% lower, while the Shenzhen Component fell 0.76%.
In Tokyo, shares of Nvidia’s supplier Renesas Electronics (JP:6723) and other chip-related stocks, including Tokyo Electron (JP:8035) and Lasertec (JP:6920), rose in reaction to the U.S. chip company’s upbeat results. Japan’s Nikkei closed higher by 2.65%, while the Topix gained 1.66%. Overall, several Asian tech stocks were up after Nvidia’s Q3 earnings report.
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