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Stock futures rise as Nvidia gains after earnings; Bitcoin rises to a new record above K
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Stock futures rise as Nvidia gains after earnings; Bitcoin rises to a new record above $98K

Stock futures are higher Thursday morning as investors digest earnings reports from AI favorite Nvidia (NVDA) and other companies, while Bitcoin continues its march toward $100,000.

Futures tied to the Dow Jones Industrial Average, S&P 500 and Nasdaq each rose 0.5%. On Wednesday, shares posted a mixed performance as market participants awaited Nvidia’s long-awaited earnings release after the closing bell.

Shares of Nvidia rose 2% in premarket trading Thursday, after the AI ​​chipmaker reported revenue and profit that beat analyst expectations, as well as a rosy outlook for revenue growth. Other mega-cap tech stocks were mostly higher, with Apple (AAPL) Microsoft (MSFT), Tesla (TSLA), Amazon (AMZN) and Meta Platforms (META) rising, while Alphabet (GOOGL) lost ground.

Among other notable moves before the opening bell, shares of Snowflake (SNOW) rose 25% after the data analytics software maker reported better-than-expected earnings and improved its revenue outlook. Shares of Palo Alto Networks (PANW) fell more than 3% after the cybersecurity company reported its quarterly results.

Shares of MicroStrategy (MSTR), one of the world’s largest holders of bitcoin, rose 15% as the cryptocurrency hit another record high. MicroStrategy’s stock price has more than doubled since the beginning of the month.

Bitcoin hit an all-time high above $98,000 this morning after trading around $95,000 for the first time yesterday. The cryptocurrency has risen about 40% since the US elections two weeks ago, as investors bet that newly elected President Donald Trump and a crypto-supportive Congress will implement policies that benefit the asset class.

Gold futures, which have lost ground since the election as the U.S. dollar has strengthened, rose about 0.5% to $2,670 an ounce. Oil futures rose about 2%.

Ten-year Treasury yields, which have risen in recent weeks as market participants have scaled back expectations for Federal Reserve rate cuts, fell slightly this morning to 4.39%.