U.S. stock futures extended declines early after Wall Street posted its sharpest single-day decline in a month. Futures on the Nasdaq 100 (NDX),

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The Cboe Volatility Index, or VIX, pushed higher as concerns over artificial-intelligence valuations and the Federal Reserve's next interest-rate move assailed markets. The VIX measures expected stock-market volatility and is widely known as [Wall Street's "fear gauge.

Many market watchers may have heard of Ed Yardeni of Yardeni Research because he has been one of the most bullish strategists in recent years. In fact, early this year, he said the S&P 500 index could hit 10,000 by 2029, which implies close to another 50% upside over the next four years.

Advanced Micro Devices was one of the strongest forces lifting the market after forecasting strong growth in upcoming years thanks to AI.

After starting the day with a sharp drop of 1.3%, the S&P 500 erased all of it and then meandered up and down before finishing with a slight dip of 0.1%. The Nasdaq composite flipped to a gain of 0.1%, while the Dow Jones Industrial Average trimmed its loss to 309 points, or 0.7%, after earlier being down nearly 600.

Turbulence in technology stocks could ratchet higher in the coming week as investors react to the quarterly report from Nvidia Corp , the world's largest company by market value that is at the heart of Wall Street's artificial intelligence trade.

The artificial intelligence (AI) giant has exceeded the analyst consensus earnings estimate in 19 of the l\past 21 quarters.

Quick Read Nvidia (NVDA) has beaten Wall Street earnings estimates 90% of the time over the past five years but averaged only a 6.5% beat in the last four quarters. Nvidia expects no revenue from H20 chip sales to China in Q3 due to ongoing export restrictions on advanced AI chip