27.08.202511:48:14UTC+00US Futures Edge Higher Ahead of Nvidia Earnings

US stock futures maintained modest gains on Wednesday as investors geared up for Nvidia's earnings report, expected after the market close. This report serves as a significant indicator of global demand and confidence in artificial intelligence. Futures linked to the three major stock indices edged up by approximately 0.2%. Nvidia, the world's most valuable company by market capitalization, is anticipated to reveal a 37% growth in earnings for its second fiscal quarter. Beyond the financials, the markets are set to closely evaluate CEO Jensen Huang's commentary on AI revenue prospects, especially amid concerns about excessive valuations in tech stocks. Additionally, insights into the effects of US-China trade restrictions will be in focus. Elsewhere, MongoDB's stock soared nearly 30% and Okta's climbed about 6%, both propelled by strong demand from companies developing AI platforms. Cracker Barrel saw a more than 7% increase following its decision to abandon a new logo, following criticism from customers and former President Donald Trump.