Stock futures were rising Thursday, a day after equities fell sharply following comments from Federal Reserve Chairman Jerome Powell that President Donald Trump's tariff policies likely will lead to higher inflation and slower growth and as tech shares were routed by trade restrictions on artificial-intelligence chip maker Nvidia.

These stocks were moving the most Thursday:

NVIDIA was up 1% in the premarket session. The chip company closed down 6.9% to $104.49 on Wednesday and lost $188 billion in market cap following a warning it would record a $5.5 billion charge in the first quarter after the U.S. Department of Commerce said the company would need a license to export H20 processors to China and other countries. The stock has fallen three of the last five trading sessions and coming into Thursday has declined 22% this year.

Advanced Micro Devices rose 1.4%. The chip maker finished down 7.4% on Wednesday as the U.S. government said it would require licenses for the export of AMD's MI308 AI chips.

U.S.-listed shares of Taiwan Semiconductor Manufacturing were up 3.7% in premarket trading after the Taiwanese chip maker reported a 60% jump in first-quarter profit and said so far it hasn't suffered a hit from tariffs. "Moving into second quarter 2025, we expect our business to be supported by strong demand for our industry-leading 3nm [nanometer] and 5nm technologies. While we have not seen any changes in our customers' behavior so far, uncertainties and risks from the potential impact from tariff policies exist," said Wendell Huang, TSMC's chief financial officer.

Tesla Motors rose 1.1% in premarket trading after declining 4.9% on Wednesday Shares of the electric-vehicle company have fallen 4.2% for the week. The U.S.-China trade war and inflation have weighed on investor sentiment.

Alcoa fell 2.6% after the aluminum producer reported first-quarter adjusted profit that handily topped Wall Street estimates but revenue of $3.37 billon that missed forecasts of $3.51 billion. Alcoa said it incurred about $20 million in costs on tariffs related to imports of aluminum from Canada after a 25% tariff on global imports of steel and aluminum went into effect in mid-March. It expects tariff costs to increase to $90 million in the second quarter.

Kinder Morgan, the energy infrastructure company, reported first-quarter adjusted earnings and revenue that missed Wall Street estimates. The company said "at this point" it doesn't "believe that the tariffs will have a significant impact on project economics." The stock was down 0.8% in premarket trading.

First-quarter earnings and revenue at CSX fell from a year earlier with the railroad operator saying it "faced operational challenges to start the year," which contributed to first-quarter results that didn't meet its expectations. Earnings of 34 cents a share missed analysts' estimates of 37 cents. The stock fell 0.2%.

Costco Wholesale raised its quarterly dividend to $1.30 a share from $1.16. Shares of the warehouse retailer were up 0.8%.

Quantum Computing Inc. Computing rose 1.4%. CEO and President William McGann announced he would be retiring. The company's board named Yuping Huang, who has served as chairman since December 2024, as interim chief executive and president.

Earnings reports are expected Thursday from UnitedHealth, Netflix, American Express, Charles Schwab, Marsh & McLennan, Blackstone, D.R. Horton, Truist Financial, and State Street.

UnitedHealth rose 0.6% in premarket trading ahead of first-quarter earnings from the giant health insurer. Analysts expect UnitedHealth to report earnings of $7.29 a share on revenue of $111.6 billion. Investors will be monitoring the company's insurance division for signs of a comeback following last quarter's disappointment.

Netflix is scheduled to report first-quarter earnings after the closing bell Thursday. Analysts expect the streaming company to post adjusted profit of $5.69 a share on revenue of $10.51 billion. The report will be the first in which Netflix doesn't include subscribers numbers. Netflix posted a net gain of 18.9 million paid subscriptions during the fourth quarter, greatly beating projections. Shares rose 1.3%.