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Wall Street set for muted open ahead of economic data
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Futures edge up ahead of economic data
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Wall Street set for muted open ahead of economic data
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Chip giant Nvidia's uncanny ability to beat even a sky-high bar of earnings expectations and its claim of a "tipping point" in generative artificial intelligence has catapulted stocks in Japan, Europe to record highs and Wall St looks set to follow. Shares in the AI darling soared 12% premarket after it forecast a threefold surge in quarterly revenue that handily beat estimates and sent chip stocks surging around the planet. Nvidia said it expects an eye-popping first-quarter revenue growth of 233%, way ahead of even Wall Street's lofty expectations of 208% growth, and after it raked in some $22 billion of revenue in the quarter just passed.