U.S. equity futures moved higher in early Thursday trading, supported by solid earnings from Nvidia but tamed by uncertainties tied to tariff threats from the Trump administration that continue to linger over global markets.

Highflying “Magnificent Seven” tech stock are in correction territory. Investors are watching Nvidia’s results to assess tech exposure.

For the first time since 2022, Nvidia stock has fallen in the weeks leading up to the chip maker's earnings. Since the end of the last calendar quarter, Dec. 31, Nvidia stock has dropped 5.7%. That includes a 2.

Such a move would shift about $300 billion in market value and send Nvidia shares plunging to $117 or soaring to $143.

Wall Street looks like it will recoup some losses from the previous day when markets were rattled by more hints of a downtrodden U.S. consumer, with an eagerly anticipated quarterly earnings report from Nvidia after the bell.

Nvidia (NASDAQ: NVDA) stock is heading lower in Tuesday's trading. The company's share price was down 1% as of 1 p.m. ET against the backdrop of a 0.5% decline for the S&P 500 index and a 1.1% decline for the Nasdaq Composite index.