US Futures Decline After Nvidia Results Underwhelm: Markets Wrap

US equity index futures slipped early Thursday after Nvidia Corp.’s revenue outlook fell short of lofty expectations for the world’s most valuable listed company, weighing on sentiment.

Contracts for the and both fell in Asian trading, following a subdued session for the benchmarks on Wednesday in New York. Equity futures for Japan and Hong Kong were also weaker after an index of US-listed Chinese companies suffered its worst day in two months.

Nvidia said sales would reach roughly in the fiscal third quarter, in line with average Wall Street estimates but short of bullish forecasts of more than $60 billion. The tepid outlook fueled concerns that a massive run-up in artificial intelligence spending is slowing.

Nvidia’s forecast excluded data center revenue from China, a market where it has struggled with US export restrictions and opposing pressure from Beijing. The company has added about $2 trillion in market value since early April to trade near a record on optimism around the AI boom.

Oil declined in early Asia trading, paring some of Wednesday’s gains that were sparked by tightening US crude and fuel inventories.

Short-dated Treasuries continued to climb on Wednesday amid bets on Federal Reserve policy easing. The US two-year yield fell seven basis points and the 10-year dropped three basis points.

The 30-year yield was flat, following the recent announcement by President Donald Trump that he was firing Fed Governor Lisa Cook amid allegations of . His top economic adviser Kevin Hassett said Cook should go on leave while her status on the board is being litigated.

Meanwhile, the Mexican government plans to on China as part of its 2026 budget proposal next month. Earlier Wednesday in Washington, Donald Trump’s latest tariffs on took effect.

In Asia, data set for release Thursday includes business confidence in New Zealand, private capital expenditure in Australia and interest rate decisions in the Philippines and South Korea. Bank of Japan official Junko Nakagawa is also set to speak.

Elsewhere, prosecutors have for allegedly stealing trade secrets from Taiwan Semiconductor Manufacturing Co.

Some of the main moves in markets:

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Cryptocurrencies

Bonds

Commodities

This story was produced with the assistance of Bloomberg Automation.