U.S. stock futures pointed higher early Thursday as investors appeared to give more weight to Nvidia’s solid earnings than the threat of more tariffs. Futures on the S&P 500 rose 0.5% ahead of the open,

Nvidia options pricing on Wednesday afternoon suggested traders expect shares to move roughly $10, or about 8%, in either direction around Wednesday’s earnings, which would be the stock's biggest post-earnings move since May.

Nvidia reported its fourth-quarter results after Wednesday's closing bell. Investors are focused on early sales of the company's new Blackwell line.