Alibaba Impacts Nvidia and AI Stocks

Dow Jones futures are set to open on Sunday evening, along with S&P 500 and Nasdaq futures, during the Labor Day holiday weekend. Late Friday, a U.S. appeals court ruled that most Trump tariffs are illegal. The stock market rally was strong through Thursday, with the S&P 500 reaching new highs, but AI-related stocks led a retreat on Friday. Nvidia stock experienced a decline.

On Friday, the stock market, including the Dow Jones index, saw a downturn. President Donald Trump's ongoing dispute with a Federal Reserve official continued. Nvidia stock fell.

Apple stock has stumbled as the tech giant significantly lags in the artificial intelligence megatrend. Can the iPhone maker reverse its fortunes?

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