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U.S. stock futures point higher after the S&P 500 and Nasdaq snapped four-session skids Wednesday; Nvidia (NVDA) stock is moving higher in volatile premarket trading after the chipmaker's results beat estimates; Salesforce (CRM) shares are falling as the cloud software firm's quarterly report misses expectations; Snowflake (SNOW) stock is surging on strong results and an upbeat outlook on AI demand; and Dell (DELL) stock rises ahead of earnings after the closing bell. Here's what investors need to know today.
1. US Stock Futures Point Higher After S&P 500, Nasdaq Snap Skids
U.S. stock futures are pointing higher as investors digest a stream of corporate earnings reports and look ahead to inflation data on Friday. S&P 500 and Nasdaq futures are both up nearly 1% after ending four-session losing streaks yesterday. Dow Jones Industrial Average futures are 0.3% higher after losing ground Wednesday. Bitcoin (BTCUSD) is up nearly 3% to trade at over $86,000, while yields on the 10-year Treasury note are up slightly at around 4.3%. Gold futures are 1% lower while oil futures are higher by a similar percentage.
2. Nvidia Stock Rises in Volatile Trading After Strong Earnings Report
Nvidia (NVDA) shares are 2.5% higher in volatile premarket trading after the artificial intelligence (AI) leader posted better-than-expected quarterly results and issued a strong outlook. The chipmaker reported fourth-quarter adjusted net income of $22.07 billion on revenue that surged 78% year-over-year to $39.33 billion, both above Visible Alpha consensus. Nvidia forecast current-quarter revenue of $43 billion, plus or minus 2%, while analysts had been looking for $42.11 billion.
3. Salesforce Stock Falls After Disappointing Results, Outlook
Salesforce (CRM) stock is 3% lower in premarket trading after the cloud software provider's earnings were worse than expected and it offered a disappointing outlook. The firm posted adjusted earnings per share (EPS) of $1.75 on revenue that grew 8% year-over-year to $9.99 billion, both below Visible Alpha consensus. For fiscal 2026, Salesforce projected adjusted EPS of $11.09 to $11.17 on revenue of $40.5 billion to $40.9 billion, also both below estimates.
4. Snowflake Stock Surges on Strong Results
Shares of Snowflake (SNOW) are jumping 13% in premarket trading after the cloud software provider beat earnings estimates and delivered an optimistic outlook on strong AI demand. The company posted fiscal 2025 fourth-quarter adjusted EPS of $0.30 on revenue that rose 27% year-over-year to 986.8 million. Analysts polled by Visible Alpha expected $0.18 and $957.6 million, respectively. Snowflake also projected a 21%-22% gain in current-quarter product revenue. Its shares had fallen almost 30% over the past 12 months entering Thursday.