US Stocks Wall Street Expects Drop as Chip Stocks Falter; The market awaits Powell’s speech

US Stocks Wall Street Expects Drop as Chip Stocks Falter; The market awaits Powell’s speech

Wall Street is set for a lower open on Wednesday as concerns arise over possible restrictions on sales of artificial intelligence (AI) chips to China. Investors are eagerly awaiting Federal Reserve Chairman Jerome Powell’s speech for information on the outlook for interest rates. Chipmakers Nvidia and Advanced Micro Devices saw premarket declines of 3.5% and…

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