U.S. technology futures jumped in early European trade after Nvidia's bumper earnings forecast renewed optimism around artificial-intelligence stocks, while software earnings quieted investor pessimism on the sector. The world's most valuable company raised its revenue outlook, signaling greater optimism on the durability of AI demand and lifting sentiment in AI-linked stocks across the globe.

Nasdaq futures rose 1.1%, while futures for the Dow Jones Industrial Average and the S&P 500 rose 0.1% and 0.5%, respectively. Companies making the picks and shovels of the AI rush benefited most from Nvidia's earnings, with chip maker Micron Technology jumping 4.6% premarket while Nvidia leapt 7.5%. Software stocks also surged premarket—led by a 11.5% gain for Salesforce—after a sweep of bullish earnings presentations lifted the sector and eased fears around competition from AI.

Oil prices pulled back as analysts cautiously welcomed progress in talks between Oman and Iran. Brent crude for October delivery fell 1.4% to $86.66 a barrel, while WTI contracts slipped 1.6% to $80.94 a barrel. In Asia, South Korea's Kospi rose 1.5%. Memory chip makers led the gains with Samsung Electronics rising 1.7% and SK Hynix up 2.5%. European AI-related stocks also jumped, with ASML gaining 1.3%.

Treasury investors' focus is on Kevin Warsh's Friday appearance at Jackson Hole. Wednesday's PCE data showed inflation stubbornly above the Fed's 2% target, adding to pressure on Warsh to signal openness to raising rates. Yields on 10-year Treasurys slipped 1.2 basis points to 4.652%, while 30-year yields fell 1.3 basis points at 5.171%.