Stock futures rose Thursday as investors digested Nvidia’s latest quarterly beat. The report appeared to help restore confidence in major technology stocks, providing a boost to the broader market. Futures tied to the Dow Jones Industrial Average added 373 points, or 0.8%. S&P 500 futures rose 1.5%, while Nasdaq 100 futures jumped 2%. Nvidia shares jumped 5% after the chipmaker released its highly anticipated quarterly results, which beat Wall Street’s earnings and revenue expectations. The market-moving company also gave a stronger-than-expected fourth-quarter sales forecast, with CEO Jensen Huang saying demand for its current-generation Blackwell chips are “off the charts.” He also rejected the idea of an AI bubble. Nvidia’s upbeat guidance likely lifted investor sentiment around the AI trade, which has weakened in recent sessions amid fears about elevated valuations, debt financing and potential chip depreciation. The results boosted a slew of stocks across the AI ecosystem in the after-hours session, including chipmakers Advanced Micro Devices and Broadcom and power infrastructure companies such as Eaton. “Nvidia’s numbers remain extremely strong now, but there are inevitably questions whether Huang’s company has already reached its high-water mark in terms of growth and market share,” said David Russell, TradeStation’s global head of market strategy. Stocks also got a small boost following the release of a better-than-expected U.S. jobs report. The release shows the economy added 119,000 jobs in September, beating expectations. The report was delayed due to the U.S. government shutdown. However, most investors were looking beyond the stale data release. In the previous session, all three major U.S. stock indexes rose across the board as investors awaited Nvidia’s report. Gains in the S&P 500 and Dow Jones Industrial Average snapped a four-day slide for both indexes. To be sure, stocks are in the red for the week given the depth of the recent pullback in several growth stocks. Minutes from the Federal Reserve’s October meeting released Wednesday afternoon showed disagreements between Fed officials over whether a slowing labor market or inflation were bigger threats to the U.S. economy. The divide between central bank officials is also reflected in their outlook for their upcoming December decision, with “many” officials calling for no more interest rate cuts this year. Traders are pricing in a 33% likelihood that the Fed will cut its benchmark overnight borrowing rate by a quarter percentage point during its upcoming December meeting, significantly lower than their bets just a month ago, per the CME FedWatch Tool. U.S. Treasury yields were little changed Thursday as investors reacted to the delayed September labor market report that showed more jobs than expected were created in the month, while the number in August was revised lower. The 10-year Treasury yield was last at 4.117%, down a little more than 1 basis point while the 30-year bond yield stood at 4.742%, less than 1 basis point lower. The 2-year note yield was more than 3 basis points lower at higher at 3.566%. Hong Kong’s Hang Seng Index reversed course to fall 0.47%, while the mainland CSI 300 was down 0.32%. Other markets across the region also rose, boosted by a rally in chip shares after Nvidia’s stronger-than-expected earnings and bullish forecast appeared to reinforce confidence in the global AI trade. Japan’s benchmark Nikkei 225 index pared earlier gains to close 2.65% higher at 49,823.94, while the Topix index added 1.66% to 3,299.57. South Korea’s Kospi index advanced 1.92% to close at 4,004.85, and the small-cap Kosdaq added 2.37%. Australia’s ASX/S&P 200 continued gains, adding 1.24% to 8,552.7. Taiwan’s Taiex rose 3.18%. Shares of Nvidia chips manufacturer TSMC on the index advanced more than 4%, while Hon Hai Precision Industry — also known as Foxconn, and supplier to Nvidia — climbed 3.28%. Oil prices edged up on Thursday after falling in the previous session, boosted by a bigger-than-expected draw in U.S. crude stockpiles and a general risk-asset market rally. Brent crude futures were up 57 cents, or 0.9%, at $64.08 a barrel, while U.S. West Texas Intermediate crude futures were 51 cents, or 0.9%, higher at $59.95. Both benchmarks rebounded after falling around 2% in the previous session after reports indicated the U.S. was renewing its push to end the Russia-Ukraine war and has drafted a framework for it, which could mean more Russian barrels being released into the market. Gold prices dropped more than 1% on Thursday, pressured by a firm dollar and fading expectations of a Federal Reserve rate cut in December, as investors awaited a delayed U.S. jobs report later in the day. Spot gold was down 0.4% at $4,066.32 per ounce after falling over 1% earlier in the session. U.S. gold futures for December delivery fell 0.4% to $4,065.30 per ounce. The dollar index firmed near a two-week high, making gold more expensive for holders of other currencies.