US futures climb as key inflation print looms

The U.S. stock market is likely to maintain its upward momentum as the Fed signals rate cuts, which tend to encourage equity investing. The recent PCE data indicates controlled inflation, further affirming this outlook. Overall, the investors may feel more optimistic about stock investments, especially in broader indexes like the S&P 500 and Dow.

While Nvidia has shown impressive revenue growth, concerns over the viability of AI investments and diminishing returns could lead to a pullback. As the excitement over AI cools and investors demand clarity on profitability, Nvidia may face selling pressure.

Intel's recent actions, including a potential split to address operational challenges and its recovery narrative, indicate a positive shift. As the company seeks to improve its financial position, there may be a bullish sentiment surrounding its stock in the coming months.