Stock futures are a static bunch this morning, despite the buzz surrounding Nvidia (NVDA) earnings. Futures on the Dow Jones Industrial Average (DJI) are comfortably higher, while Nasdaq Composite (IXIC) and S&P 500 Index (SPX) futures are indicating a rangebound open. Nvidia's top-line beat for the fourth-quarter also saw rises in data center sales, though AI rotation may be contributing to the muted post-earnings reaction. A lackluster 2027 revenue forecast from sector leader Salesforce (CRM) is keeping tech gains in check.
- Chip stock clears trendline: what comes next?
- Nvidia earnings: Just how impactful will it be today?
- Plus, SanDisk gets reassured; Celsius stock fills key gap; and more on Salesforce.
5 Things You Need to Know Today
- The Cboe Options Exchange saw 2.2 million call contracts and roughly 1.3 million put contracts traded on Wednesday. The single-session equity put/call ratio slipped to 0.61, while the 21-day moving average remained at 0.59.
- SanDisk Corp (NASDAQ:SNDK) stock is 3.5% higher before the bell, after Nvidia CEO Jensen Huang implied that soaring memory costs won't impact profitability. The hardware supplier -- the best stock of 2025 -- is up 166% in 2026 but has consolidated around $600 this month. Yesterday the company also announced a new partnership with SK Hynix.
- Celsius Holdings Inc (NASDAQ:CELH) stock is 15% higher ahead of the open, after the energy drink maven reported fourth-quarter earnings and revenue that exceeded analyst estimates. Celsius stock is set to open at its highest level since a 24.6% post-earnings bear gap on Nov. 6. Heading into today, CELH was 10.6% this year.
- The shares of Salesforce Inc (NYSE:CRM) 1.7% lower in electronic trading, after the software giant's guidance whiff overshadowed a top-line beat for the fourth quarter. CRM hit a three-year low of $174.62 on Feb. 23, and is already down 27.6% heading into today.
- Weekly jobs and inflation data will close out the week.
Record Highs in Japan, South Korea as Tech Rally Spreads
Markets in Asia were also scattered, as investors react to Nvidia. The Kospi surged 3.7% after the Bank of Korea’s (BoK) decision to leave its base rate unmoved at 2.5%, matching expectations. In Japan, the Nikkei rose 0.3% and cleared 59,000 for the first time, hitting another record high after the region assigned several bank board membership positions that match Prime Minister Sanae Takaichi’s vision. Among the laggards, Hong Kong’s Hang Seng shed 1.4% and China’s Shanghai Composite finished flat.
European investors are waiting the U.S. response to Nvidia, while a slew of other big-name reports also enter the market. At last check, London’s FTSE 100 is up 0.2%, Germany’s DAX is 0.5% higher thanks to an upbeat earnings reaction from Puma, and France’s CAC 40 is leading the region with a 0.9% pop.
