Dow, Nasdaq Futures Fall as Nvidia Slips on Data Revenue Miss

U.S. stock futures mostly fell Thursday after Nvidia’s earnings beat was overshadowed by weaker-than-expected data sales revenue, rattling investors and fueling concerns about the durability of the AI boom.

The company’s total revenue hit a record high, yet investors worried momentum may be fading. 

Futures tied to the Dow Jones Industrial Average rose 0.3%, while S&P 500 futures slipped 0.3% and Nasdaq 100 futures (NQ=F) dropped about 0.5%, Amalya Dubrovsky reported for Yahoo Finance.

Nvidia topped estimates on both revenue and profit, but its data sales segment came in below expectations, marking its slowest growth since the first quarter of fiscal 2024.

The company’s total revenue hit a record high, yet investors worried momentum may be fading.

CEO Jensen Huang emphasized “extraordinary” demand for Nvidia’s Blackwell AI chips, calling China a $50 billion opportunity despite tightening U.S. restrictions on chip sales.

The company is reportedly nearing a deal with the Trump administration to pay a 15% levy on sales to China to secure access to the market.