The S&P 500 was relatively muted Wednesday after the personal consumption expenditures (PCE) price index showed that core prices remain elevated. Three major American tech companies – Nvidia, CrowdStrike and Salesforce – are reporting earnings after the bell. Nvidia, whose shares were down 1% ahead of the print, needs to beat analyst estimates and raise guidance amid competition from customized chips developed by players like OpenAI and Broadcom. CrowdStrike and Salesforce, both of which have seen strong stock gains in recent months, must demonstrate their ability to continue growing in the AI era.
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