Nasdaq-100 futures were higher Thursday as the latest earnings reports from Nvidia
 and other well-known technology companies boosted sentiment.

Futures tied to the tech heavy index rose 0.9%. S&P 500 futures advanced 0.3%. Dow Jones Industrial Average futures traded down 86 points, or 0.2%.

Nvidia shares jumped 6% in premarket trading on Thursday after it beat analyst expectations and forecast strong revenue growth. Notably, the chipmaker is projected to see revenue growth hit 70% in fiscal 2028, far higher than the 44% that analysts surveyed by LSEG expected. Its revenue for the fiscal second quarter more than doubled.

Nvidia stands to break its recent pattern of seeing stock declines despite posting stronger-than-anticipated reports.

“We retain our conviction in the broader AI growth story and believe it remains a key driver of our positive market outlook,” a team at UBS led by Global Wealth Management Chief Investment Officer Mark Haefele said in a Thursday morning note.

“While ongoing concerns over the sustainability of AI capex and the circularity of certain AI financing deals may continue to inject periodic tech volatility, the second-quarter earnings season has shown that the fundamentals remain robust,” they added.

More broadly, shares linked to the semiconductor sector rallied in pre-market trading, with Marvell Technology
 adding almost 4% and Micron Technology
 and Arm
 up more than 3%.

Salesforce
 rallied 10% in premarket trading after revenue came in ahead of Wall Street’s forecast for the second quarter. Okta
 soared more than 17% ahead of Thursday’s regular session after surpassing analyst expectations and reporting booming demand due to agentic AI.

The three major indexes finished Wednesday’s session little changed. In addition to the raft of earnings, traders are readying for the start of the Federal Reserve’s annual symposium in Jackson Hole, Wyoming, kicking off Thursday.