Nvidia reported fiscal third-quarter earnings after Wednesday's closing bell, with a revenue beat of more than $2 billion. Investors will be looking to see if the company can stabilize the AI trade in the face of mounting concerns about rampant spending.

Stock futures jumped following Nvidia's strong earnings report in a rebound from a four-day losing streak following Nvidia's earnings beat.

The S&P 500, a broad measure of stocks, gained 1.5% as trading opened. The tech-heavy Nasdaq jumped 2%, but later backed down slightly from its high. The Dow Jones Industrial Average rallied 600 points, around 0.8%.

Tech stocks were getting snapped up early Thursday by investors after Nvidia Corp's earnings gave the AI trade its groove back. Nvidia shares were up more than 4% in early trade, while the S&P 500's tech sector was 2.

This article will be updated throughout the day, so check back often for more daily updates. Everything that could go right to drive the stock market higher today, appears to be going right, and the Vanguard S&P 500 ETF (NYSEMKT: VOO) is up 1.

Nvidia (NVDA) stock fell along with the broader market on Thursday, despite the chipmaker posting better-than-expected third quarter earnings and providing a strong outlook for the current quarter a day earlier.

President Trump's tariffs have coincided with contraction across the manufacturing sector and a sharp deterioration in consumer sentiment.

The S&P 500 on Monday afternoon was threatening to bust through a closely watched support level as stock losses extended an unraveling in the final hour of trading. Concerns about popular tech trades,