Dow Jones futures edged higher early Wednesday, while S&P 500 futures and Nasdaq futures fell slightly. Chip-gear giant ASMLASML tumbled on guidance with Goldman SachsGS and more big banks on tap before the open,

Nvidia just became the first company to reach a $4 trillion market cap. Analysts project Nvidia to grow earnings per share at high rates for several more years. It's difficult to find any companies that have benefited from the growth of artificial intelligence (AI) like Nvidia (NASDAQ: NVDA).

Nvidia (NASDAQ: NVDA) shares surged 4% to close at $170.70 on Tuesday, outpacing broader market indices as investors responded positively to news about graphics processing unit (GPU) exports to China resuming.

What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 4.2% in the afternoon session after the company confirmed it will resume sales of its H20 AI chips to China after receiving assurances from the U.

Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the latest inflation report, as well as the Dow, S&P 500 and Nasdaq.

Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.

The Dow Jones index wavered Tuesday after the CPI inflation report. Nvidia stock surged on AI chip sales to China.

Shares of Nvidia (NASDAQ: NVDA) were off to the races on Tuesday, climbing as much as 5%. As of 10:27 a.m. ET, the stock was still up 4.6%.