Futures tracking the S&P 500 and Nasdaq 100 climbed on Wednesday as enthusiasm over artificial intelligence continued to lift market sentiment. Nvidia shares jumped more than 8% in Asian trading on the Blue Ocean platform, pointing to further gains on Wall Street after US President Donald Trump said he plans to discuss the company’s Blackwell chips with Chinese President Xi Jinping. CEO Jensen Huang also unveiled a series of new partnerships and dismissed concerns about an AI bubble. Meanwhile, investors awaited earnings from “Magnificent Seven” heavyweights, with Alphabet, Meta and Microsoft due after Wednesday’s close, followed by Apple and Amazon on Thursday. On the policy front, the Federal Reserve is widely expected to cut rates by 25 basis points later in the day, with traders watching Chair Jerome Powell’s comments for guidance on the outlook for further easing.
