Nvidia Earnings Fuel Stock Rally as Oil Prices Slide on Diplomatic Hopes

Nvidia's blockbuster earnings have lifted futures linked to the main US stock indices, as investors assessed the AI giant's better-than-anticipated quarterly revenue and medium-term outlook.

The Dow futures contract added 124 points, or 0.2%, while S&P 500 futures gained 26 points, or 0.3%, and Nasdaq 100 futures rose by 195 points, or 0.7%.

Nvidia's CFO Colette Kress said revenue growth of 70% is now expected in the company's 2028 fiscal year, far above the 45% predicted by FactSet data.

Meanwhile, Salesforce raised its full-year guidance and announced an expanded partnership with AI startup Anthropic to create a system integrating Anthropic's advanced plug-ins with Salesforce's business tools.