Nasdaq, S&P 500 Futures Subdued As Markets Digest Nvidia Beat, SpaceX IPO Filing: Why NVDA, NIO, TSLA, AMD, NBIS, RKLB Are In Focus

• Investors weighed Nvidia’s blockbuster earnings against broader concerns over valuations and macro data. 
• SpaceX’s long-awaited IPO filing and Bitcoin holdings added fresh excitement.
• Traders are also bracing for key macro data including weekly jobless claims, housing starts and PMI data, alongside earnings from Walmart, Deere & Company and NIO.

U.S. stock futures were rangebound early Thursday as investors parsed the blockbuster Q1 earnings report from AI bellwether Nvidia and the long-awaited public filing of SpaceX’s IPO prospectus.

As of 4:30 a.m. ET on Thursday: Nasdaq and Russell 2000 futures were 0.4% lower, S&P 500 futures fell 0.3%, and Dow futures were down 0.2%.

Retail sentiment toward the SPDR S&P 500 ETF (SPY), an exchange-traded fund that tracks the S&P 500 Index, and the Invesco QQQ Trust (QQQ) ETF, which tracks the Nasdaq-100 Index, has held at ‘extremely bullish’.

Trending Stocks To Watch

SpaceX files for IPO: Elon Musk’s aerospace giant officially filed its S-1 prospectus to list on the Nasdaq under the ticker "SPCX," revealing $18.7 billion in 2025 revenue and a surprise balance sheet asset of 18,712 Bitcoin. Keep an eye on Tesla (TSLA) in trade today. 

Nvidia (NVDA): Delivered a clean beat on Q1 revenue and future guidance, added $80 billion to its share buyback program, and confirmed its next-generation Rubin AI platform will begin shipping in the second half of fiscal 2027. 

Advanced Micro Devices (AMD): Is on retail radar this morning after announcing a $10 billion ecosystem expansion in Taiwan and the production ramp of its 6th Gen "Venice" EPYC data center processors on TSMC's cutting-edge 2nm process technology. 

Nebius Group (NBIS): Surging after Nvidia CEO Jensen Huang hinted during the earnings call that the company has secured fresh compute capacity for Anthropic, placing Nebius, a key Nvidia cloud partner, in focus for a major looming deal. There is also buzz around a price hike for its cloud services. 

Nio Inc (NIO): The electric vehicle maker prepares to report its quarterly financial results before the opening bell amid intense global EV pricing competition. 

Rocket Lab (RKLB) and Relay Therapeutics (RLAY): Shares face pre-market weakness after announcing public stock offerings of $3 billion and $275 million, respectively. 

Cerebras Systems and Bullish gained attention after fresh buying activity from Cathie Wood’s ARK Investment Management. 

Meanwhile, after the success of the DRAM ETF, Roundhill ETF Trust announced plans to launch a dedicated photonics and optical components ETF to capture the rapid buildout of AI data centers, tracking key players such as POET Technologies (POET) and Lumentum (LITE). 

Other tickers trending on Stocktwits at the time of writing included T1 Energy Inc (TE), Enphase Energy (ENPH), and Arm Holdings (ARM). 

Other Catalysts To Watch

On the economic front, investors are tracking the release of Weekly Initial Jobless Claims, Housing Starts (MoM) at 8:30 a.m. ET, and the flash S&P Global Manufacturing PMI. 

On earnings radar, watch out for quarterly reports from NIO Inc (NIO), Walmart Inc (WMT), Deere (DE), NetEase.com, Inc. (NTES), Frontline Ltd (FRO), Zoom Video Communications, Inc. (ZM), Webull Corp Class A (BULL), Take-Two Interactive Software Inc (TTWO), Workday Inc (WDAY), and Deckers Outdoor Corp (DECK), among others, today. 

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