Nvidia Earnings Test AI Trade Confidence Amid Geopolitical Risks
US stock-index futures rose as pressure on technology shares eased, signaling tentative optimism ahead of key earnings this week. Bitcoin also gained.
The tech-heavy Nasdaq 100 index rose by 0.4% after falling almost 1% on Monday due to a selloff in chip stocks. European shares were set to gain at the open as sentiment improved.
Nvidia Corp., a semiconductor giant, posted its longest losing streak since 2022 in US trading as investors pared holdings ahead of its earnings Wednesday. The company's results will be closely watched for signs that the recent weakness in chipmakers has further to run.