S&P 500, NASDAQ and Dow Jones futures show gains as Nvidia’s record-breaking earnings report eases tension among investors; here’s how Wall Street’s key indices performed, all you need to know
Futures tied to the Dow Jones Industrial Average gained 110 points, or about 0.3%. S&P futures rose 0.8%, while Nasdaq 100 futures rose 1.4%, according to CNBC.
On Wednesday, the AI chip maker reported record revenue of $57.0 billion for the third quarter ending October 26, 2025, up 22% from the previous quarter and 62% from the previous year. GAAP and non-GAAP gross margins for the quarter were 73.4% and 73.6%, respectively, while GAAP and non-GAAP earnings per diluted share were both $1.30.
Nvidia also gave a stronger-than-expected fourth-quarter sales forecast, and CEO Jensen Huang said demand for current-generation Blackwell chips is “off the charts.” The artificial intelligence chip maker announced its forecasts for the fourth quarter of fiscal 2026. The tech giant’s revenue is expected to be $65.0 billion plus or minus 2%.
How did Wall Street close on Wednesday?
Wall Street closed on a positive note as it witnessed another troubling day in which three major indexes (S&P 500, Dow Jones and NASDAQ) saw upward movement. This comes ahead of several important tests for Wall Street. The S&P 500 rose 0.4% after veering between a small loss and a 1.1% jump earlier in the day. The rise in the S&P 500 broke a four-day losing streak, the longest in nearly three months, for the index, which has been shaken by concerns that stock prices have risen too high and the Fed may not cut interest rates as much as expected. The Dow Jones Industrial Average rose 47 points, or 0.1%, and the Nasdaq Composite rose 0.6%.ALSO READ: Nvidia defies AI bubble fears as third-quarter earnings report reveals record-breaking revenue; Check out the global tech giant’s expectations for 14% revenue growth in Q4; here’s what you need to know
But the focus of the market remained on Nvidia. Wall Street’s most influential stocks rose 2.8% as traders made their final moves ahead of the chip company’s earnings report, which is scheduled to arrive after the day’s trading ends. Nvidia became the largest stock on Wall Street and was soon valued at over $5 trillion.
