Stock Market Opens Lower as AI-Related Stocks Falter

The stock market is off to a slow start on Monday after last week's losses. Stock futures are pointing lower, with the Dow Jones Industrial Average and S&P 500 down 0.2% and Nasdaq futures falling 0.5%. This decline is led by AI-related stocks, which are losing ground due to concerns about their potential for further growth.

Nvidia's quarterly results and a key inflation reading will be in focus later this week, with the company's earnings report set to be released after the closing bell on Wednesday. If Nvidia's results disappoint, it could rattle confidence in AI-related stocks, which have been among the market's biggest winners this year.

The Treasury Secretary is scheduled to speak about a new package of sanctions on Iran later today, and Alibaba shares are sliding after raising $10 billion in a secondary share sale to fund its AI ambitions. The company's shares fell 2% in premarket trading.