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Informist, Thursday, Nov. 20, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: US mkt ends higher Wed; Nvidia shares surge in extended trading

MUMBAI--0740 IST--Equity indices in the US closed higher on Wednesday after a choppy session. US stock futures rose after artificial intelligence industry bellwether Nvidia Corp.'s October quarter earnings beat estimates and it maintained a strong sales forecast for the next quarter. The world's most valuable company released its earnings after market hours. Nvidia's earnings soothed jitters surrounding skyrocketing valuations of AI-related stocks.

 

Shares of Nvidia gained almost 3% before the company released its quarterly earnings. The company's stock jumped more than 5% in extended trading after it comfortably beat market estimates. Its revenue forecast for the January quarter was also above Wall Street's estimates. Shares of other AI-related companies such as Advanced Micro Devices, Alphabet, and Palantir Technologies rose 2-4?ter the session ended.

 

"There's been a lot of talk about an AI bubble. From our vantage point, we see something very different... We're everywhere, from cloud to on-premise to robotic systems, edge devices, PCs, you name it. One architecture. Things just work. It's incredible," Nvidia CEO Jensen Huang said in a call with analysts, reitrating a forecast from last month that the company had $500 billion in bookings for its advanced chips through 2026, Reuters reported.

 

The E-mini Nasdaq-100 Futures rose nearly 2% and the E-mini Dow Futures rose 0.5%. Shares of Alphabet rose nearly 3% and hit a fresh all-time high on the back of trader enthusiasm around the company's new generation of AI, Gemini 3, which was launched on Tuesday. 

 

Indices pared gains after minutes of the US Federal Reserve's October meeting showed that Fed officials were split over whether a slowing labour market or inflation was a bigger threat to the US economy. Fed fund futures traders are pricing in a 33% likelihood that the apex bank will cut its benchmark interest rates by 25 basis points at the December meeting. A month ago, the probability of a reduction by the same amount was 94%, according to data from the CME Fedwatch tool.

 

Shares of Target fell nearly 3?ter the company reported a bigger than expected drop in quarterly sales and those of Walmart fell 1?fore the company's earnings report later in the day.

 

Traders await the release of September non-farm payrolls data later in the day, which has been delayed by the US government shutdown. The US Bureau of Labor Statistics said it would not publish the October employment report and would combine non-farm payrolls for that month with November's report.

 

Following are the closing levels of US indices Wednesday:

 

Index	Level	Change in %
S&P 500	6642.16	0.38
NASDAQ Composite	22564.23	0.59
Dow Jones Industrial Average	46138.77	0.1

 

(Eshitva Prakash)

 

End

 

US$1 = INR 88.59

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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