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Following the conclusion of a four-day downturn for the S&P 500 and Nasdaq, U.S. stock futures are indicating a positive trajectory; Nvidia (NVDA) stocks experienced a rise in fluctuating pre-market trading as the semiconductor company’s results surpassed predictions; Salesforce (CRM) experienced a drop in its stock price after the cloud computing firm’s quarterly results did not meet market anticipations; Snowflake (SNOW) experienced a significant increase thanks to impressive earnings and hopeful projections for AI demand; Dell (DELL) shares saw an uptick ahead of its forthcoming earnings announcement. Here’s what traders should focus on today.
1. U.S. Stock Futures Indicate Gains Following S&P 500 and Nasdaq’s End to Losing Trend
U.S. stock futures are on an upward path as traders process a wave of corporate earnings disclosures and await inflation statistics on Friday. Both S&P 500 and Nasdaq futures rose nearly 1% after concluding a four-day slump yesterday. Dow Jones Industrial Average futures increased by 0.3%, recovering after a decline on Wednesday. Bitcoin (BTCUSD) surged nearly 3%, trading above $86,000, while the yield on the 10-year Treasury note saw a slight rise to about 4.3%. Gold futures dropped by 1%, while oil futures increased by a comparable amount.
2. Nvidia Stocks Climb in Fluctuating Trading Following Impressive Earnings Report
Nvidia (NVDA) stocks rose by 2.5% in erratic pre-market trading after the AI frontrunner’s quarterly results exceeded expectations and offered a robust outlook. The semiconductor manufacturer reported an adjusted net income of $22.07 billion for the fourth quarter, with revenue jumping 78% year-over-year to $39.33 billion, both surpassing Visible Alpha’s consensus projections. Nvidia forecasts current quarter revenue of $43 billion, with a margin of error of plus or minus 2%, compared to analysts’ earlier estimate of $42.11 billion.
3. Salesforce Stocks Drop Due to Lackluster Performance and Outlook
Salesforce’s (CRM) shares declined by 3% in pre-market trading as the cloud software firm fell short of earnings expectations and provided a lackluster forecast for the future. The organization announced an adjusted earnings per share (EPS) of $1.75, with revenue increasing by 8% year-over-year to $9.99 billion, all of which was below the consensus predictions from Visible Alpha. For the fiscal year 2026, Salesforce anticipates adjusted EPS to range from $11.09 to $11.17, with revenue estimated between $40.5 billion and $40.9 billion, also falling short of market forecasts.
Snowflake’s (SNOW) shares jumped by 13% in pre-market trading, mainly because the cloud software firm surpassed earnings expectations and conveyed optimism regarding robust demand for artificial intelligence. The company reported an adjusted EPS of $0.30 for the fourth quarter of fiscal year 2025, with revenue rising by 27% year-over-year to $986.8 million. Analysts consulted by Visible Alpha had predicted an EPS of $0.18 and revenue of $957.6 million. Snowflake also projects a growth of 21%-22% in product revenue for the current quarter. Prior to Thursday, its shares had fallen nearly 30% over the last 12 months.
Dell Technologies (DELL) experienced a 2% increase in its stock ahead of its quarterly earnings announcement. The computer manufacturer is expected to report quarterly growth in adjusted EPS and net sales, while its infrastructure solutions division, which includes server and networking solutions, is projected to achieve a 25% year-over-year revenue boost. This news follows reports that Dell is close to finalizing a deal with Elon Musk’s xAI to sell over $5 billion worth of Nvidia GB200 chip-powered servers. Before Thursday, Dell’s shares had increased by more than 25% over the past year.
