Stock Market: Tech Earnings Boost Futures After Quiet Trading Session - Deutsche Bank

Deutsche Bank strategists noted a modest positive shift in equity sentiment following NVIDIA's earnings release. After the S&P 500 and Nasdaq closed a quiet cash trading session, NVIDIA's revenue beat and bullish AI outlook drove its shares up 4.7% in after-hours trading, lifting futures for both indices.

**Tech Earnings Serve as Sentiment Catalyst**

NVIDIA's performance emerged as the primary driver in after-hours trading. According to Deutsche Bank strategists, NVIDIA's revenue beat coupled with a bullish AI business outlook resulted in a 4.7% gain in its post-market shares. This directly lifted futures on the S&P 500 and Nasdaq. Meanwhile, earnings from Salesforce and CrowdStrike further supported global tech-related stocks, indicating an overall positive market reaction to tech sector results.

**Cash Session Flat, After-Hours Sentiment Improves**

During the cash trading session, both the S&P 500 and Nasdaq closed on a quiet note without significant directional moves. The real shift in sentiment occurred in the post-market session, with NVIDIA's earnings acting as the key variable breaking the calm. Deutsche Bank strategists characterized the change as a "modest positive shift," suggesting market risk appetite has somewhat recovered but has yet to form strong chasing momentum.

**AI Outlook Remains Core Focus**

NVIDIA's bullish commentary on artificial intelligence prospects in its earnings report was the core factor driving share prices and futures higher. Market attention on AI-related capital expenditures and sustained demand remains elevated, and NVIDIA, as the core benchmark in the industry chain, holds a bellwether status for overall tech sentiment through its guidance. Based on after-hours futures, investor short-term confidence in the tech sector has ticked up, but whether this positive momentum carries into the cash session remains to be seen.