India, April 16 -- The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside after ending Tuesday's choppy trading session modestly lower.
A steep drop by Nvidia (NVDA) is likely to weigh on the markets, as the AI darling is plunging by 6.8 percent in pre-market trading.
The slump by Nvidia comes after the company said its first quarter results are expected to include up to approximately $5.5 billion of charges associated with its H20 integrated circuits.
Nvidia noted in an SEC filing that the U.S. government now requires a license for the export of the graphics processing units to China and other countries.
Dutch chipmaker ASML (ASML) is also seeing significant pre-mark...