Stock futures declined on Tuesday as investors digested the latest developments from Nvidia’s artificial intelligence conference and kept an eye on the Federal Reserve’s two-day policy meeting in Washington.
Futures linked to the S&P 500 dropped by 0.3%, while Dow Jones Industrial Average futures decreased by 39 points, or 0.1%. Nasdaq-100 futures were down by 0.5%.
On Monday, the S&P 500 halted a three-day losing streak.
Shares of chip giant Nvidia dipped by approximately 1.8% in premarket trading as market participants assessed the announcements made during its inaugural GTC Conference.
Nvidia’s CEO Jensen Huang introduced the company’s latest AI chip, named Blackwell, which he described as a significantly more powerful successor to its existing chips that support various AI functions. Despite the positive news, Nvidia’s stock had surged by over 78% year-to-date before the event, prompting some investors to take profits following the conference.
Source (CNBC)
