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Nasdaq, S&P 500 futures gain ground with earnings, inflation in spotlight

Nasdaq 100 futures rose 0.59% to record highs, powered by an uptick in Nvidia after the chip designer announced plans to restart sales of its H20 AI chip to China. The news also lifted other chipmakers, with Advanced Micro Devices rising 3.6%, Marvell Technology up 2.7% and U.S.-listed shares of TSM gaining 2.5%. Despite President Donald Trump’s renewed tariff threats – this time aimed at Russia – markets largely brushed off the rhetoric, focusing instead on a breakthrough from negotiations with U.S. trade partners.