Nasdaq-100 futures climbed 1% on Thursday, propelled by Nvidia's 7% premarket surge after the chipmaker delivered a blowout earnings report, pulling chip stocks upward across the U.S., Europe, and Asia.

Nvidia reported that its fiscal second-quarter revenue more than doubled, clearing analyst forecasts by the widest gap the company has posted in two years, the company said. For its 2028 fiscal year, Nvidia said it expects 70% revenue growth.

S&P 500 futures gained 0.4%. Dow Jones Industrial Average futures were marginally lower.

Other semiconductor stocks climbed alongside Nvidia. Marvell Technology stock added more than 5% in premarket trading, while shares of Micron and Arm each rose more than 4%.

Thursday's gains extended beyond chipmakers. Salesforce stock surged 12% before the opening bell after posting second-quarter revenue that beat Wall Street's expectations. Okta stock jumped more than 19% in premarket trading after the company exceeded analyst estimates and pointed to accelerating customer interest in agentic AI.

All three major indexes closed Wednesday's session with negligible moves.

In Europe, stocks were broadly lower Thursday morning, though tech stocks gained 1.5% as regional semiconductor shares climbed following Nvidia's results. In Asia, South Korea's Kospi rose 1.53% and mainland China's CSI 300 closed 0.86% higher, while Japan's Nikkei 225 fell 0.20% and Australia's S&P/ASX 200 dropped 0.98%.

Investors are also watching the Federal Reserve's annual symposium in Jackson Hole, Wyoming, which kicked off Thursday.

In a Thursday morning note, Mark Haefele, Chief Investment Officer at UBS Global Wealth Management, wrote that the firm maintains its conviction in the AI growth story. "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," Haefele added, according to CNBC .