U.S. stock futures pointed higher early Thursday as investors appeared to give more weight to Nvidia’s solid earnings than the threat of more tariffs. Futures on the S&P 500 rose 0.5% ahead of the open,

U.S. stock futures edged higher Thursday night after a sharp decline on Wall Street, driven by Nvidias steep losses despite strong earnings. Investors remain cautious ahead of the upcoming PCE inflation report.

Investing.com-- U.S. stock index futures ticked higher on Thursday evening after Wall Street closed sharply lower, weighed down by steep losses in Nvidia following its quarterly earnings, while investors remained cautious ahead of a key inflation report due later this week.

Several successful hedge fund managers sold Nvidia and bought the iShares Bitcoin Trust in the fourth quarter. Nvidia reported solid financial results in the fourth quarter, but the stock has declined about 10% since the report.