Nvidia shares dipped 1.4% amid competition from Huawei’s upcoming AI chip. This intensifies the ongoing battle in the AI hardware sector. Meanwhile, major firms like Microsoft have also seen declines this year, raising concerns about future growth.
As earnings season peaks, with over 180 S&P 500 companies reporting, investors focus on cloud earnings and potential tariff impacts. While many firms have surpassed analysts’ expectations, tariff uncertainties could further influence market sentiment.
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