- U.S. stock futures rose on Wednesday evening following strong earnings reports and guidance from Nvidia, Salesforce, and Okta.
- Nvidia shares climbed more than 4% after beating Q2 estimates, Salesforce rallied 13% on a revenue beat, and Okta soared nearly 20% on agentic AI demand.
- Traders are now shifting their focus to the Federal Reserve's upcoming Jackson Hole meeting and additional corporate earnings.
- Baidu shares fell 10.09% this week, significantly underperforming the S&P 500 index.
- The sharp decline was triggered by weaker-than-expected Q2 2026 earnings and subsequent rating downgrades by institutions like Morgan Stanley.
- Despite strong GPU cloud growth and autonomous driving expansions, market anxiety over traditional advertising pressures drove heavy selling.