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 revenue 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 1.66%, 1.18%, and 0.54%, respectively, at 8:33 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 5.2% in Thursday’s pre-market trading, driven by the AI GPU company’s robust performance. Nvidia’s strong performance also sparked a 3.7% and 4% rise in Advanced Micro Devices (AMD) and Broadcom (AVGO) stocks, respectively. Meanwhile, Walmart (WMT) stock was up 3% as of writing, after the big-box retailer reported better-than-anticipated third-quarter results.
In contrast, Palo Alto Networks (PANW) stock was down 3% in Thursday’s pre-market trading on a mixed outlook and the announcement of the acquisition of Chronosphere for $3.35 billion.
Meanwhile, the delayed September nonfarm payrolls report from the Bureau of Labor Statistics revealed that 119,000 jobs were added in the month, well above the consensus estimate of 50,000. The delay was caused by the prolonged U.S. government shutdown.
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