On Wednesday, U.S. stock index futures edged upward as Nvidia appeared poised to make history by crossing the $5 trillion market capitalization threshold. Company shares surged 3.7% in premarket trade, following CEO Jensen Huang’s announcement of a $500 billion order book for AI chips and the construction of seven supercomputers for the U.S. government.
This year alone, Nvidia’s stock has climbed approximately 50%, significantly contributing to the upward momentum in U.S. equities for 2025. Google’s parent company Alphabet and Microsoft’s stocks saw a 0.3% uptick, even as investors keenly anticipated Big Tech earnings reports and potential insights on AI developments driving lofty market valuations.
Market focus also remained on Federal Reserve actions, with a rate cut expected. Amid recent government shutdown impacts, traders look for clarity on monetary policy and international trade prospects. In corporate movements, Teradyne reported impressive financial forecasts, while Mondelez International adjusted its annual profit expectations, affecting share prices.