Title: Nasdaq futures boosted by tech demand, Nvidia earnings

11/18/2021 08:16:46 AM GMT

By: AnalysisWatch

On Thursday, Nasdaq prospects rose sharply as chipmaker Nvidia (NASDAQ: NVDA) reenergized on solid second-quarter profit, while S&P and Dow premarket indicators showed a gentle recovery from expansion-related misfortunes, providing support for the coming week.

Nvidia shares rose 6.7% in premarket trading after the company beat quarterly expectations and forecasted solid fourth-quarter earnings, hoping to profit from growth in its server farm business and metaverse holdings.

Other chipmaker stocks rose 2.1% and 0.9%, separately, including Advanced Micro Devices (NASDAQ: AMD) Inc. and Qualcomm (NASDAQ: QCOM) Inc. 

More extensive innovation stocks likewise rose as financial backers looked for areas less vulnerable to rising expansion and inventory network issues. 

Amazon.com (NASDAQ: AMZN) led the FAANG stock additions, rising 0.5%.

The three significant Wall Street lists fell on Wednesday as financial backers worried over rising valuation pressures in the country. 

Dow e-minis were up 59 points, or 0.16%. The S&P 500 e-minis were up 13 points, or 0.28%, while the Nasdaq 100 e-minis were up 80.75 points, or 0.5%.

Among other premarket movers, Boeing (NYSE: BA) Company rose 2.1% after Virgin Australia said it would add seven additional 737 NG planes to its armada and as J.P. Morgan redesigned the planemaker's stock to "overweight" from "unbiased". 

Cisco Systems, Inc. (NASDAQ: CSCO) fell 7% after the company gear maker predicted lower-than-expected current-quarter earnings due to production network deficiencies and deferrals.

Kraft Heinz (NASDAQ:KHC) plunged 2.1% after the bundled food creator reported an optional offer contribution. 

The U.S.-recorded portions of Singapore-based Maxeon Solar Technologies fell 8.6% as the sun-oriented innovation organization estimated bleak final quarter income in the wake of posting a downbeat quarterly profit.