Stock futures rebounded on Wednesday from a four-day slide centered around technology as investors bet Nvidia’s earnings after the bell would calm fears that artificial intelligence stocks are overvalued and overhyped. Futures tied to the Dow Jones Industrial Average traded 34 points higher, or 0.1%. S&P 500 futures advanced 0.2%, while Nasdaq 100 futures gained 0.3%.  Nvidia shares rose more than 1% in the premarket ahead of its third-quarter results scheduled for after the bell. Other names in the AI trade like Palantir Technologies and Broadcom were higher alongside it. “We continue to believe that concerns over an AI bubble bursting are overblown…at least for now,” wrote Chris Senyek of Wolfe Research. “Should the broader U.S. economy hit a soft patch of economic data, we think Tech/Comm Services companies are well positioned to weather a temporary storm. As such, we remain buyers of AI related stocks on share price weakness, but [we’re] waiting for either an upside NVDA surprise or more washed out technical to become more aggressive buyers.” Tuesday’s session saw the Dow Jones Industrial Average and S&P 500 notch their fourth consecutive losing days, with the S&P 500 notching its longest slide since August. The tech-heavy Nasdaq Composite recorded its fifth negative day in six sessions. Bitcoin briefly dropped below $90,000 on Tuesday before recovering, while gold prices rose from a one-week low. Most sectors in the broader market closed up higher on Tuesday but key tech names once again weighed on stocks, with hot AI stocks such as Nvidia, Palantir, Microsoft and AMD closing in the red. The Technology Select Sector SPDR Fund (XLK) closed 1.6% lower. Technology and consumer discretionary have been the most beaten-down sectors this month, while health care stands out as the best performer. Weakness in tech comes ahead of Nvidia’s highly awaited third-quarter results due after Wednesday’s market close. Analysts largely expect that Nvidia — the largest company in the broad-market index — will meaningfully beat Wall Street’s expectations and forecast strong sales growth driven by demand for its AI chips and other infrastructure. But Nvidia has a high bar to beat. Investors have taken profits from their tech holdings in recent days, reflecting heightened concerns that the AI boom has run up the valuations of Nvidia and other tech hyperscalers at an unsustainable pace. The 10-year Treasury yield held steady Wednesday as markets braced for data on the October trade balance and a backlog of delayed economic releases that could shape the Federal Reserve’s December rate decision. The yield on the 10-year Treasury moved less than 1 basis point lower to 4.112%. The 2-year note yield was down more than 1 basis point at 3.57% and the 30-year bond yield fell less than 1 basis point to 4.732%. Asia-Pacific markets closed mostly lower Wednesday, tracking Wall Street declines as concerns about artificial intelligence valuations continued to pressure tech stocks. Japan’s benchmark Nikkei 225 index closed 0.34% lower at 48,537.7, while the Topix fell 0.17% to 3,245.58. South Korea’s Kospi index fell 0.61% to 3,929.51, and the small-cap Kosdaq retreated 0.84% to 871.32. Australia’s ASX/S&P 200 lost 0.25% to 8,447.9. Hong Kong’s Hang Seng Index was down 0.33%, while the mainland CSI 300 rose 0.44%. Oil prices fell slightly on Wednesday as an industry report showed higher crude inventories in the United States, reinforcing concerns about oversupply, though price declines were limited by a tighter fuel market because of attacks against Russian oil infrastructure. Brent crude futures eased 44 cents, or 0.68%, to $64.45 a barrel, after gaining 1.1% in the previous session. U.S. West Texas Intermediate crude futures were down 46 cents, or 0.76%, at $60.28 a barrel, after rising 1.4% on Tuesday. Prices rose on Tuesday because of a tighter diesel market on the back of lower Russian exports, PVM analyst John Evans said. Gold edged higher on Wednesday as investors sought safe-haven assets, with attention turning to the Federal Reserve’s minutes from its most recent meeting and a delayed U.S. jobs report for clues on future rate moves. Spot gold was up 0.5% at $4,088.03 per ounce, as of 0915 GMT. U.S. gold futures for December delivery gained 0.5% to $4,087.90 per ounce. “After rebounding from the psychological $4,000 level in the previous session, gold is slightly glittering this morning amid the cautious mood,” said Lukman Otunuga, senior research analyst at FXTM.