ASML falls sharply after issuing a growth warning, while Wall Street awaits earnings from Goldman Sachs, Morgan Stanley, and Bank of America.

Nvidia stock jumped 5% as the chipmaker said it's been assured it can resume sales of a key microchip to China. That news helped Chinese stocks as well, with Alibaba stock rising 6%. Trade Desk shares rose 15% on news of S&P 500 inclusion.

S&P 500 futures were higher Tuesday, boosted by gains in Nvidia, as traders pored through the latest U.S. inflation data. Futures tied to the S&P 500 rose 0.3%, while Nasdaq 100 futures added 0.6%. Dow Jones Industrial Average futures shed 83 points, or 0.2%.

A Pivotal Decision for Nvidia Nvidia (NASDAQ:NVDA) announced it had secured U.S. government approval to resume sales of its H20 artificial intelligence (AI) chips to China, which could propel the chipmaker’s financial trajectory forward on its path to a potential $20 trillion market valuation.

Nvidia shares gained 4.3% during early Tuesday trading after the company said the Trump Administration is set to lift its ban on the export of H20 AI chips to China.

Nvidia shares are rising in premarket trading Wednesday, a day after it overtook Microsoft to become the world's most valuable company again.

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.

US futures edged higher Tuesday, powered by gains in Nvidia and JPMorgan Chase, as investors looked ahead to key inflation data and more bank earnings. Nvidia surged after confirming it may soon resume chip sales to China,