U.S. stock index futures rose on Thursday as AI bellwether Nvidia's upbeat forecast soothed concerns of cooling demand in the industry, while investors gauged the implications of the Trump administration's latest threats on global trade.

US futures attached to the major gauges saw modest gains Wednesday evening as investors processed Nvidia’s latest earnings report. Nvidia's (NVDA) eagerly awaited earnings report led to a 4% pop in the company's stock before shares flatlined after the bell.

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,