Stock Market Anticipates Consumer Price Index Inflation, Nvidia Chipmaker, and Tesla's Rebound in Dow Jones Futures

Overnight, futures on the Dow Jones, S&P 500, and Nasdaq all showed small increases.   

On Wednesday, besides the Consumer Price Index (CPI) inflation report, important reports from Delta Air Lines (DAL) and Taiwan Semiconductor, a chipmaker for Nvidia, are due. 

Investors were cautious of making large moves before Tuesday's CPI inflation news, which sent the stock market surge edging higher on the whole.   

On Tuesday, Nvidia (NVDA) struck new lows while simultaneously finding important support. 

In a move to reduce its reliance on Nvidia chips, Google parent Alphabet (GOOGL) unveiled a new in-house AI processor based on designs from Arm Holdings (ARM).   

Additionally, Intel (INTC) introduced an AI processor to compete with Nvidia. 

A purchase zone was further expanded when Google stock surged. After a brief upswing, 

ARM stock has since fallen. After hitting new lows for 2024, Intel made a little gain. 

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