U.S. stock futures pointed higher on Thursday, led by gains in tech stocks, with Nvidia (NASDAQ) continuing to shine as it becomes the world’s most valuable company. By 08:08 ET (13:08 GMT), Dow futures were up 6 points, S&P 500 futures climbed 22 points, and Nasdaq 100 futures rose by 140 points. The main indices are poised for a winning week, bolstered by Nvidia’s surge.

Bank of England Holds Rates Steady

The Bank of England is expected to maintain its interest rates unchanged at its policy meeting on Thursday. Despite UK inflation returning to the 2% target in May, underlying wage growth and pricing pressures remain concerns. Earlier, the Swiss National Bank cut its key interest rate by 25 basis points to 1.25%.

Nvidia’s Spotlight Continues

Nvidia remains a focal point after becoming the world’s most valuable company, surpassing Microsoft (NASDAQ) and Apple (NASDAQ). Analysts at Stifel raised their price target for Nvidia, highlighting its growth prospects in high-performance computing and AI.

Tesla’s EU Sales Slump

Tesla’s sales in the European Union fell 34.2% in May amid a broader decline in demand for battery-electric cars. This follows the European Commission’s announcement of provisional duties on China-made EVs, prompting Tesla to consider price increases for its Model 3.

Crude Prices Steady Ahead of US Inventory Data

Crude prices were stable on Thursday, with U.S. crude futures trading at $80.61 a barrel and Brent at $85.18. The market awaits official U.S. inventory data from the Energy Information Administration, with earlier API data showing a rise in crude stocks.

Tech stocks are set to drive Wall Street higher, with Nvidia leading the way. The Bank of England is expected to hold interest rates unchanged, while the Swiss National Bank has cut rates. Nvidia continues to dominate the tech sector, Tesla faces a slump in EU sales, and crude prices remain stable ahead of U.S. inventory data.