Nasdaq futures take lead after Nvidia forecast refuels AI trade

"The biggest positive was management effectively telling investors that AI demand remains supply-constrained even at this scale... That is a powerful counter to the narrative that the AI capex cycle is already peaking," said Charu Chanana, chief investment strategist at Saxo Markets.

"Nvidia's results validate the AI infrastructure trade, but they are not a signal to indiscriminately chase everything labeled AI."

Global tech stocks saw renewed investor interest, with South Korea's KOSPI .KS11 closing 1.5% higher. U.S. chipmakers such as Micron Technology MU.O gained 4.2% in premarket trading, while Marvell Technology MRVL.O rose 5.2% and Broadcom AVGO.O added 1.6%.

Data storage firms Sandisk SNDK.O and Western Digital WDC.O gained 4.9% and 3.4%, respectively.

Salesforce CRM.N jumped 11.8% after raising annual revenue and profit forecasts, and rolling out a new plug-in combining its capabilities with Anthropic's Claude AI models.