US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. Right ahead of the closing bell,

U.S. stock market futures higher traded higher on Friday, getting a boost from a small earnings beat at Apple but with looming tariff developments threatening to upend the momentum. Dow Jones Industrial Average futures rose 113 points, or 0.3%, to 45168. S&P 500 futures gained 25 points, or 0.4%, to 6124.

Palantir Technologies (NASDAQ: PLTR) was one of the hottest artificial intelligence stocks on the market last year. Ives recently raised his 12-month target price to $90 per share, citing confidence in the company's artificial intelligence strategy. Ives thinks Palantir could be the next Oracle, a software company worth $515 billion.