Stock Market Futures Steady Ahead of Nvidia’s (NVDA) Earnings

U.S. stock futures were steady Tuesday night as investors turned their focus to Nvidia’s (NVDA) Q4 earnings report, due after Wednesday’s closing bell, a release many on Wall Street see as a key test for the AI-driven market rally. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were down 0.2%, 0.08%, and 0.05%, respectively, at 7:54 p.m. EST on February 24.

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Major indices rebounded Tuesday, closing sharply higher after Monday’s sell‑off driven by AI disruption worries and uncertainty around President Donald Trump’s tariffs. The Nasdaq rose 1.1%, while the Dow and S&P 500 each gained 0.8%.

Lifting the broader market was a nearly 9% jump in Advanced Micro Devices (AMD) after Meta Platforms (META) announced a multiyear partnership with the chipmaker. Software and cybersecurity stocks also saw a relief bounce after Anthropic rolled out connectors and plug-ins for its AI work tool, Claude Cowork, letting companies link it to apps like Google Drive.

The iShares Expanded Tech-Software Sector ETF (IGV) gained 1.9% Tuesday, though it is still down more than 25% this year.

The upside comes just ahead of Nvidia’s results, which are seen as a major market catalyst, given the company’s strong influence on both the AI trade and broader tech sentiment. Beyond NVDA, investors are also watching earnings from Salesforce (CRM), Snowflake (SNOW), IonQ (IONQ), and C3.ai (AI), set to report tomorrow.

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