Nasdaq Futures Up 2% as Nvidia Powers Global Rally: Markets Wrap

(Bloomberg) -- Nvidia Corp.’s blowout sales forecast took center stage in markets, fanning gains in tech stocks around the world and propelling Nasdaq 100 futures to a gain of more than 2%. The global market for generative AI may reach $1.3 trillion in 2032, according to estimates from Bloomberg Intelligence analyst Mandeep Singh. “As goes Nvidia, so goes the market,” said Kim Forrest, chief investment officer of Bokeh Capital Partners LLC. The Nikkei 225’s stellar rally comes as global funds pile back into a market that was overlooked for years in favor of faster-growing markets like China. Most Read from Bloomberg Businessweek©2024 Bloomberg L.P.