S&P 500 and Nasdaq futures hit record highs on Nvidia gains
US stock futures hit record highs as Nvidia shares rose on news of US chip sales to China. Investors await retail data and monitor the Trump-Xi summit progress.
S&P 500 and Nasdaq futures reached record highs on Thursday morning as NVIDIA CORP shares climbed 1.9%. The rally follows reports that the United States cleared chip shipments to China amid a high-stakes presidential summit. Investors are pivoting toward technology growth while weighing geopolitical risks and upcoming retail data.
### AI Optimism Offsets Geopolitical Friction Nvidia shares rose in early trading, bringing the chipmaker's market valuation to over $5.5 trillion. The move followed reports that the U.S. cleared approximately 10 Chinese firms to purchase the H200, Nvidia's second-most powerful AI processor. This steady technology rally has pushed domestic indexes to new peaks despite rising energy costs.
