Wall Street mixed in uneven trade with Nvidia results in focus
Wall Street's main indexes were mixed in choppy trading on Monday, as investors awaited results from chip giant Nvidia for clues on the future of demand for artificial intelligence technology. Most megacap stocks fell, with Tesla, Meta, and Microsoft down between 1% and 2%. Nvidia's quarterly results are expected to put the chip sector in the spotlight for the week. Shares of Nvidia were flat on Monday while most other chip stocks declined.
- The market volatility surrounding Nvidia's earnings highlights the increasing uncertainty surrounding AI technology adoption, which could have significant implications for the broader tech industry.
- How will the long-term impact of AI saturation on the chip sector and its supply chains affect the growth prospects of companies like Tesla and Meta?