US stock futures hit pause on Tuesday, with investors assessing next-generation AI roadmaps from Nvidia (NVDA) and AMD (AMD) as they continued to shrug off US designs on Venezuela.
Contracts on the S&P 500 (ES=F) hovered just below the flat line, while the tech-heavy Nasdaq 100 (NQ=F) nudged down roughly 0.2%. Dow Jones Industrial Average futures (YM=F) were also little changed on the heels of Monday’s record-setting rally.
Stocks are holding broadly steady as investors assess Nvidia and AMD’s competing roadmaps for future AI, laid out at the tech industry’s marquee CES show in Las Vegas. CEO Jensen Huang launched Nvidia’s next-generation Vera Rubin AI superchip platform alongside plans for a humanoid robot, while Lisa Su, AMD’s CEO, gave a first look at its rival Helios system and promised a massive performance boost in upcoming data center GPUs.
Updates from Intel (INTC), Qualcomm (QCOM) and other tech stalwarts at CES this week should fuel the revived hopes for the AI trade that buoyed stocks on Monday, even as markets shrug off the US ouster of Venezuela’s President Maduro.
Markets appeared to interpret the developments less as a source of global instability and more as a potential catalyst for US corporate opportunity, particularly in energy and defense. The reaction underscored investors’ continued appetite for risk as the new year gets underway.
In commodities, copper (HG=F) continued to surge after breaking above $13,000 a ton for the first time, hitting another fresh record as worries about potential Trump tariffs spur stockpiles in the US, leaving the rest of the world short.
LIVE 5 updates
