U.S. futures inch higher, Nvidia to report this week - what's moving markets
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Investing.com -- U.S. stock futures edge higher after the Dow ended trading on Friday above the 40,000 mark for the first time. Nvidia is due to headline this week's corporate earnings calendar, with the maker of artificial intelligence-optimized chips expected to report another quarter of surging revenues.
Shares in the company have rocketed higher by nearly 92% this year, making it one of the focal points of the AI boom. In February, Nvidia said it expects revenues to jump to $24 billion in the first quarter, with Chief Executive Jensen Huang noting that he believed "accelerated computing and generative AI have hit the tipping point."), as well as supply chain constraints and geopolitical tensions that threaten AI chip exports from the U.S. to China.
Both rates were kept at record lows, as Beijing sought to shore up economic growth by keeping local monetary conditions as loose as possible. Iranian state media said Raisi, who was seen a possible successor to Supreme Leader Ayatollah Ali Khamenei, died in a helicopter crash on Sunday in a remote region in the country's north-west.
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