US Stocks Surge as Nvidia Earnings Loom: AI Trade Faces Critical Test

• US stocks rose, extending a tech-driven rebound, as traders awaited Nvidia Corp.’s earnings to gauge its role in the AI trade.
• Nvidia rose 0.8% in premarket trading, facing high stakes to surpass previous outlooks and Wall Street estimates to revitalize its stock performance.
• Concerns are growing about the sustainability of the AI spending wave, despite Nvidia's past successes in exceeding expectations.
• Bitcoin rallied over 3%, European stocks hit a record high, and gold/silver climbed, while the dollar slipped.
• Salesforce Inc. and Workday Inc. faced scrutiny, with Salesforce’s stock down 30% this year amid fears AI could render services obsolete.