India, April 16 -- After ending Tuesday's choppy trading session modestly lower, stocks may see further downside in early trading on Wednesday. The major index futures are currently pointing to initial weakness on Wall Street, with the S&P 500 futures down by 0.8 percent.
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 countrie...