Nvidia Partners Drive Futures Trading Ahead of Earnings Reports
Nvidia partners Micron Technology (MU), Western Digital (WDBA) and Taiwan Semiconductor Manufacturing Company (TSM) are among the top movers in futures trading ahead of their earnings reports. The S&P 500 index futures were up 0.2% as of Thursday morning, with the tech-heavy Nasdaq composite futures gaining 0.3%. The Consumer Price Index report is set to be released on Friday.
While Nvidia's (NVDA) earnings are not expected until next week, its partners' reports may provide a glimpse into the company's performance. Micron Technology will release its Q1 FY2024 results after the market closes Thursday, while Western Digital and Taiwan Semiconductor Manufacturing Company will report their respective quarterly earnings on Friday.
Real-time prices by Nasdaq Last Sale show that Nvidia shares are trading at $542.32 as of Thursday morning, with a 52-week high of $795.69 and a 52-week low of $345.53.