AI Trade

The Nasdaq 100 pushed higher as Nvidia’s surge revived confidence in the AI trade and helped software and cybersecurity shares draw renewed demand. Market breadth remained thin, however, while hotter inflation signals and hawkish Fed commentary kept rate risk in focus.

U.S. stock futures pushed higher as easing Treasury yields brought buyers back after semiconductor weakness pressured major indexes. The next test comes from PCE inflation before Wednesday’s open and Nvidia earnings after the close, with traders focused on whether the AI trade can regain momentum.