Wall Street Steadies as Investors Await U.S. Government Vote; AMD Soars on AI Growth Forecasts

Wall Street futures steadied on Tuesday evening as investors awaited a crucial vote on a bill to reopen the U.S. government. Optimism over the government’s potential reopening supported sentiment, while chipmaker AMD (NASDAQ:AMD) rallied after unveiling ambitious long-term growth targets.

S&P 500 Futures held steady at 6,872.50 points by 18:31 ET (23:31 GMT), while Nasdaq 100 Futures inched up 0.1% to 25,653.75 points. Dow Jones Futures were little changed at 48,029.0 points. The broader market saw positive momentum earlier in the day, led by non-technology sectors that tend to benefit from economic stability, even as losses in Nvidia (NASDAQ:NVDA) limited overall gains.

AMD shares surged roughly 4% in after-hours trading following its first analyst day in three years. The semiconductor giant projected annual revenue from its data center chips to surpass $100 billion within five years, driven by explosive demand from the artificial intelligence sector. CEO Lisa Su said the company sees the data center chip market expanding to $1 trillion by 2030. AMD also anticipates 35% annual growth across its business over the next three to five years and a 60% increase in its data center segment, with earnings expected to reach $20 per share during the same period.

Meanwhile, Wall Street’s optimism grew after the Senate approved a bill to end the 42-day U.S. government shutdown—the longest in history. The measure now moves to the House of Representatives, where approval is expected. A government reopening would help restore confidence and enable the release of delayed economic data.

The S&P 500 rose 0.2% to 6,846.82, the Dow climbed 1.2% to 47,927.96, and the NASDAQ Composite dipped 0.3% to 23,468.30 as Nvidia shares dropped 2.9% following SoftBank Group’s (TYO:9984) $5.8 billion divestment of its 32.1 million-share stake to free up capital for new investments.