By Fiona Craig
Publication Date: 2026-05-14 13:14:00
U.S. stock futures traded higher on Thursday, with the Nasdaq positioned for additional gains after the technology-heavy index closed at a fresh record high in the previous session.
Technology shares looked set to extend their recent rally following strong earnings-related momentum from Cisco Systems (NASDAQ:CSCO).
Shares of Cisco surged 14.5% in premarket trading after the company delivered fiscal third-quarter results ahead of expectations and issued upbeat forward guidance. The networking giant also announced plans to reduce its workforce by nearly 4,000 positions.
Nvidia Gains on China H200 Chip Report
Nvidia (NASDAQ:NVDA) also posted strong premarket gains after Reuters reported that the U.S. had approved around 10 Chinese companies to purchase Nvidia’s H200 chip, its second-most powerful artificial intelligence processor.
The development comes during a closely watched summit in Beijing between Donald Trump…