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Nasdaq futures rise as Nvidia stabilizes after AI stocks rout

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June 25 - Nasdaq futures climbed on Tuesday as Nvidia and other AI-linked stocks firmed after a bruising selloff, while investors awaited further cues on the monetary policy path based on remarks by U.S. Federal Reserve officials this week.

"It's too early to call the end of the Nvidia mania but given the high amount of speculation around the stock, we shall see the price action getting worse before it gets better." While the Fed's preferred inflation gauge, the personal consumption expenditures price index report on Friday is at the top of the watch list, investors will also keep an eye out for consumer confidence data during the day.

A slew of quarterly corporate earnings are also scheduled for the day, with cruise operator Carnival Corp , opens new tab due before market open and parcel delivery giant FedEx , opens new tab after the bell.

 

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