Wall Street points lower before the opening bell as selling of AI shares weigh on sentiment

Wall Street points lower before the opening bell as selling of AI shares weigh on sentiment Updated 12 mins ago Wall Street pointed lower in premarket trading as artificial intelligence stocks weighed on markets following Monday’s big rally. Futures for the S&P 500 lost 0.3% while futures for the Dow Jones Industrial Average were flat. Futures for the Nasdaq, where most of the Big Tech companies trade, fell 0.5%. Nvidia shares slid 2% after technology giant SoftBank Group Corp. announced that it had sold its entire stake in artificial intelligence chipmaker Nvidia last month for $5.83 billion. Softbank shares fell 2%. There is widespread belief that technology stocks have shot too high due to the mania for artificial intelligence.