Wall St Week Ahead: Investors zero in on Nvidia results

Analysts said possible reasons for recent tech stock weakness include cautionary AI industry developments. — Reuters

NEW YORK: A wobble in US technology shares has raised the stakes for Nvidia Corp's quarterly results on Wednesday, with earnings from the semiconductor giant posing a crucial test for the scorching AI trade.

The heavyweight tech sector slumped 1.6% on the week after a huge run for the group, dragging on key indexes. The sector's weekly decline moderated on Friday as stocks broadly rallied after comments from Federal Reserve chair Jerome Powell appeared to pave the way for imminent interest rate cuts.