Coatue Management's billionaire chief has been dumping Nvidia stock for a volatile AI infrastructure company that's capable of sustained annual sales growth of 50% (or greater).
Nvidia (NVDA) is expected to release its fiscal fourth quarter earnings results at the end of the trading day on Wednesday.
Dow, S&P 500, and Nasdaq futures are rising in premarket trading Monday as the stock market looks ahead to Nvidia earnings and more inflation data this week.