Shares of Nvidia climbed 7.9% to $508.56 premarket after the chip designer late on Wednesday forecast quarterly revenue that far exceeded expectations, and said it would buy back $25 billion in stock. Nasdaq 100 e-minis were up 172 points, or 1.13% and S&P 500 e-minis were up 21.75 points, or 0.49% at 5:28 a.m. ET. "It is clear.that AI demand is still outstripping supply," Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note.
Defense Minister Oleksii Reznikov said on Aug. 22 that it will take at least six to seven months for Ukrainian staff and infrastructure to receive F-16 fighter jets pledged by Western allies.