U.S. stocks set to open higher this week after Friday’s rally on rate cut expectations. Wall Street awaits Nvidia earnings. Dow Jones futures up 0.05%, S&P 500 futures up 0.05%, Nasdaq futures up 0.06%. 10-year Treasury yield flat at 4.256%. Gold down 0.13%, oil prices up.

Doubts grow about AI boom after recent selloff. MIT report shows 95% of AI pilot programs failing. OpenAI CEO compares current AI frenzy to 1990s dotcom bubble. Nvidia’s earnings report will test Wall Street’s faith in AI. Nvidia and AMD give 15% cut of chip sales to China.

Hyperscaler tech giants like Alphabet, Microsoft, Amazon, and Meta expected to deploy $400 billion in AI-related capital expenditures. Fed awaits inflation gauge amid Trump’s tariffs impact. Analysts expect personal consumption expenditures index to rise 0.2% monthly and 2.6% yearly, with core PCE accelerating. Fed officials see short-term tariff effects on inflation.

Read more at Yahoo Finance: Dow eyes fresh highs as Nvidia gets set to report earnings amid AI bubble fears