New York – Some relief is running through Wall Street on Thursday, and U.S. stock futures are climbing after another blockbuster profit report from Nvidia suggested it and other stars created by the artificial-intelligence frenzy may indeed deserve their high stock prices.

S&P 500 futures rose 1.6% before the opening bell Thursday. Dow Jones Industrial Average futures rose 1% and Nasdaq composite futures were 2.1% higher.

Nvidia rose 5.2% in pre-market trading after reporting a big profit for the summer that topped analysts’ expectations. The AI chip giant also gave a forecast for revenue that again easily cleared analysts’ estimates.

Also lifting optimism was a mixed report about the U.S. job market from the federal government, one that keeps alive hope that the Federal Reserve may de

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