U.S. stock futures traded flat on Tuesday as the broad rally that lifted markets after Nvidia’s earnings began to fade. The chipmaker posted record sales and earnings that beat forecasts, yet the surprise failed to spark fresh buying in the AI‑focused segment. Futures on the S&P 500 and Nasdaq edged lower, signaling caution ahead of the open on Wall Street.

Investors trimmed positions in other semiconductor names, pushing shares of Intel, AMD and Texas Instruments down after hours. The muted reaction suggests that traders view Nvidia’s performance as a one‑off beat rather than a catalyst for sustained sector strength. With earnings season still unfolding, market participants are likely to wait for additional data before re‑igniting the AI‑driven buying spree in the near term.

Meanwhile, SoftBank’s stock jumped after news that the conglomerate plans to back an OpenAI‑linked initial public offering, adding a rare positive note to an otherwise subdued session. The move underscores growing investor appetite for AI infrastructure beyond hardware. With futures stuck in limbo, the market will likely open near‑flat unless fresh catalyst emerges for the trading day.