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Futures: Dow up 0.44%, S&P 500 off 0.02%, Nasdaq down

0.13%

Aug 29 (Reuters) - Futures tracking the tech-heavy

Nasdaq and the benchmark S&P 500 were flat on Thursday, after

AI-darling Nvidia's ( NVDA ) quarterly forecast failed to impress

investors but a beat on both revenue and earnings expectations

signaled resilient demand.

Shares of the chip bellwether dropped nearly 5% in

premarket trading after a largely in-line revenue forecast for

the current quarter.

"The market may be disappointed not to see a bigger beat on

its outlook, given what are now almost unattainable

expectations, but the bottom line here is that the long-term

story remains intact," said Josh Gilbert, market analyst at

investment platform eToro.

Semiconductor peers Broadcom ( AVGO ) and Advanced Micro

Devices ( AMD ) fell 1.9% and 1.6%, respectively. Shares of

chip-making equipment providers Applied Materials ( AMAT ) and

KLA Corp ( KLAC ) were down 0.1% each.

However, the declines were limited by gains in Nvidia's ( NVDA )

heavyweight megacap customers, which have been the focus of

market euphoria on the prospect of artificial intelligence

integration boosting corporate profits.

Microsoft ( MSFT ) rose 0.50%, Meta added 0.40%,

Alphabet climbed 0.30% and Amazon.com ( AMZN ) was up

0.60%, while Apple ( AAPL ) gained 1%.

At 04:41 a.m., Dow E-minis were up 182 points, or

0.44%, S&P 500 E-minis were down 1.25 points, or 0.02%,

and Nasdaq 100 E-minis were down 25 points, or 0.13%.

Markets have see-sawed between marginal gains and losses in

the run-up to Nvidia's ( NVDA ) results, as traders waited to see if the

company would sustain its unmatched revenue growth. There was

also nervousness about what its earnings could mean for the

trajectory of highly valued AI-related stocks.

The benchmark S&P 500 closed lower on Wednesday and

is 1.3% from a record high, while the Dow is hovering

around an all-time high.

Among other movers, Dow-component Salesforce ( CRM ) beat

Street expectations for second-quarter results, sending the

cloud company's shares up 4.8%.

CrowdStrike ( CRWD ) dropped 5.2% after the cybersecurity

company cut its revenue and profit forecasts in the aftermath of

last month's global outage.

On the economic data front, traders await the second

estimate of gross domestic product for the second quarter and

jobless claims data for the week ended on Aug. 24, both due at

8:30 a.m. ET.