A blockbuster revenue forecast from Nvidia is bringing relief to investors anxious about the AI boom. The world's most valuable company reported blowout earnings that came in well ahead of estimates and offered a bullish outlook for the year ahead. Nvidia expects 70% revenue growth in its 2028 fiscal year, pushing shares 7% higher in premarket trading.

Other stocks tied to the AI buildout rose at home and abroad, including Crowd Strike and Salesforce, which reported strong results powered by AI demand. Meanwhile, U.S. stock futures mostly gained, and oil prices slipped amid hopes that diplomatic efforts could ease the standoff in the Strait of Hormuz.