Stocks looked set to edge higher on Thursday, even though a tepid forecast from chip maker Nvidia was fueling fears that demand for artificial intelligence may have plateaued.
Futures tracking the Dow Jones Industrial Average were up 94 points, or 0.2%. S&P 500 futures added 0.1% and contracts tied to the tech-heavy Nasdaq 100 were edging up less than 0.1%.
Nvidia reported after Wednesday’s closing bell. The AI darling’s data-center revenue narrowly missed Wall Street’s expectations. It forecast revenue of $54 billion for the third quarter, topping analysts’ estimates but seen as a little underwhelming after a run of blockbuster guidance.
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