Tesla’s 8% surge lifts Nasdaq futures, while Nvidia faces chip issues. Traders watch Fed signals and key earnings for market direction.

The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia , and Tesla jumped on the prospect of favorable policy changes from the incoming Trump administration.

Artificial intelligence (AI) is proving to be a transformative force across industries, from cloud computing to retail, advertising, and factory automation, and we’re still only at the dawn of this tech revolution.