One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.

Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures.Another big inflation report is due before the open, along with earnings from chip-gear giant ASMLASML as well as Goldman SachsGS.

Chinese firms are scrambling to buy Nvidia's H20 artificial intelligence chips, two sources told Reuters, as the company said it planned to resume sales to the mainland days after its CEO met U.S. President Donald Trump.

Nvidia CEO Jensen Huang contradicts Anthropic CEO's 'white-collar apocalypse' prediction, suggesting AI will augment jobs while encouraging workers to adapt.

The Nasdaq-100 index plunged into bear market territory in April, but it has since recovered its losses and entered a new bull phase. Artificial intelligence (AI) stocks like Nvidia continue to lead the Nasdaq higher.

Nvidia has been an artificial intelligence leader and major winner over the past few years. On July 16, CEO Jensen Huang may address one of the company's biggest challenges. But Nvidia has encountered one major hurdle along this path,