US futures climb after another blowout report from Nvidia and renewed hopes for a December rate cut

NEW YORK (AP) — 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.