Wall Street's main indexes were set for a higher open on Wednesday following sharp losses earlier in the week, as investors set their eyes on Nvidia's earnings which could prove to be a make-or-break moment for the AI trade.

Stock barometers may be calmer early Wednesday, but signs of residual tension can bee seen in option markets. The Cboe Volatility index (VIX), an option-derived measure of expected movement in the S&P 500 that's known as Wall Street's fear gauge,

After mounting scrutiny of stratospheric tech investments, as well as a blackout of federal data during the longest government shutdown in U.S. history, Wall Street awaits two reports that stand to reshape its outlook for the months ahead.

With the Dow closing down nearly 500 points Tuesday and the S&P logging its longest slide since August, experts are pointing to concerns over an AI bubble. NBC’s Brian Cheung joins TODAY to break it all down.

Futures are trading higher this morning, as all the major indices once again closed lower on Tuesday, marking the fourth straight day of losses. The Dow Jones Industrials closed down 1.07% at 46,091,

Stocks moved mostly higher on Wednesday following a tech-led sell-off as investors awaited earnings from Nvidia (NVDA) that will set the tone for the next leg of the AI trade. Given that, Fed minutes set for release later will be put under the microscope for insight into the economy and future policy.

Warnings about Wall Street's excessive optimism, concentration risk, and frothy valuations have fallen on deaf ears for most of this year, leaving market-watchers wondering what, if anything, will cool the tech and artificial intelligence frenzy.

Rigetti Computing has been one of the most popular quantum computing stocks over the last year. While shares of Rigetti posted big gains over the last 12 months, the stock appears to be entering a downward spiral.

Wall Street finished Tuesday's trading session to the downside on a day that watched the Nasdaq Composite plunge as much as 2%.

World shares have tumbled, with benchmarks in Tokyo and Seoul sinking more than 3%, after Nvidia and other artificial-intelligence-related shares pulled U.S. stocks lower.

The shares of Bullish (NYSE: BLSH), the crypto platform backed by PayPal co-founder and venture capitalist Peter Thiel, sank on Nov. 19 despite beating revenue estimates in the third quarter of the year.