Nvidia stock has suffered its biggest drop in months amid a broader selloff in highly valued technology companies.

The stock has gone on a parabolic run since hitting a 52-week low in April this year, and it seems primed for more upside following its upcoming earnings report.

Nvidia stock has rebounded from its lows earlier this year, and expectations are mighty high as earnings come into view. While competition is rising, Nvidia remains well positioned to capitalize on a number of emerging infrastructure opportunities.

Wall Street had hoped the big box retailer would hire someone from outside the company. Target's stock is down about 60% since 2021.

Target's choice to name insider Michael Fiddelke as its new CEO in an effort to turn around the struggling retailer was met with a negative reaction from the stock market, as investors viewed the 20-year company veteran as unlikely to fix the company's myriad issues.

That news overshadowed fiscal second-quarter results that beat profit and sales expectations, amid a meaningful improvement in Target’s store traffic. “It is clear that Michael is the right leader to return Target to growth,

U.S. stock futures were trading lower early Wednesday as traders awaited earnings reports from America’s big-box retailers and the release of

Stock index futures were down on Wednesday, as investors awaited more retail earnings and the Federal Reserve's latest meeting minutes. S&P 500 futures (SPX) -0.1%, Nasdaq 100 futures (US100:IND) -0.2%,