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Market Awaits Nvidia Earnings as Tech Sector Faces AI Investment Scrutiny
Market Awaits Nvidia Earnings as Tech Sector Faces AI Investment Scrutiny
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BTCCSquare news:
US stock futures edged higher as investors braced for Nvidia's pivotal earnings report, a bellwether for the tech sector's AI ambitions. The Dow, S&P 500, and Nasdaq 100 futures each ROSE 0.1%, attempting to recover from Monday's pullback after Fed Chair Powell hinted at potential rate cuts in September.
Korean Air's $15 billion Boeing order emerged as a secondary market catalyst, though cryptocurrency markets remained sidelined despite the macroeconomic uncertainty. Nvidia's results—expected Wednesday—will test Wall Street's appetite for AI-driven valuations amid growing skepticism about Big Tech's capital allocation.
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