Nasdaq Futures Slip as Chip Rally Falters Ahead of Alphabet Earnings The stock market's recent volatility has been driven by concerns about the sustainability of artificial intelligence (AI) spending.
The rally in chip stocks, which had been fueled by expectations of increased AI investment, has lost momentum ahead of Alphabet's earnings report.
Investors are becoming increasingly cautious about companies tied to AI after strong gains. As Rob Haworth at U. S.