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U.S. stock futures declined on April 16, driven by Nvidia’s $5.5 billion charge linked to new export controls on AI chips to China. The tech sector faced additional pressure from ASML’s weak orders and broader semiconductor stock losses.
- Nvidia's $5.5 billion charge due to U.S. export controls on AI chips to China sparked a broad sell-off in semiconductor stocks.
- ASML's weaker-than-expected orders compounded losses in the tech sector, affecting market sentiment.
- Investors await Federal Reserve Chair Jerome Powell's speech and retail sales data for further market direction.
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