"Nvidia's AI Dominance Sparks 2% Nasdaq Futures Surge"

TL;DR Summary
Nasdaq 100 futures surged 2% following Nvidia Corp.'s strong sales forecast, driving gains in tech stocks globally. Nvidia's pre-market trading soared 14% after revealing a surge in demand for AI computing hardware, propelling the company to potentially surpass Alphabet Inc. in market value. The global market for generative AI is estimated to reach $1.3 trillion by 2032, boosting hardware, software, and internet companies. Other US chipmakers also rose, and the bullish mood in markets was further fueled by Japan's Nikkei 225 hitting a record high and the Stoxx Europe 600 index surpassing its January 2022 closing peak.
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- Nvidia just showed the world it's the AI king now Business Insider
- Nvidia shares pop 14% in premarket trade after AI-fueled bumper earnings CNBC
- S&P 500 in line for record as Nvidia results push Nasdaq futures up 350 points MarketWatch
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