Analyst: US stocks may give back gains due to rebound in oil prices and Treasury yields

Odaily Planet Daily News Major U.S. stock index futures are pointing to a lower open on Thursday, and stocks could give back some of their gains from the previous session's rally. Yesterday's rebound in U.S. stocks coincided with a sharp decline in both Treasury yields and oil prices. Additionally, shares of Nvidia are trading lower in pre-market, and the market's negative reaction to Nvidia's earnings report could also weigh on U.S. stocks today.

Dan Coatsworth, head of markets at AJ Bell, said the chip giant Nvidia is increasingly sounding like a "broken record," repeating the same message over and over. It essentially states that AI demand is strong, a large number of customers are queuing up to buy its chips, and there is still plenty of room for growth ahead.

The market's focus is now on how long Nvidia can sustain this momentum. Even the fastest, strongest athletes eventually tire, and investors are beginning to worry that Nvidia may not be able to maintain its current growth rate. (Jin Shi)