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Tech and AI names are under broad pressure today, with macro headwinds dominating sentiment. Elevated oil prices above $110/barrel, rising Treasury yields, and a hotter-than-expected CPI report are compressing growth-stock multiples across the board — extending a pullback that began after the Trump-Xi summit concluded last week without meaningful chip trade breakthroughs.

Nvidia is down ~1.2% to $222.72, caught between intense analyst optimism and pre-earnings caution ahead of its fiscal Q1 FY2027 report due Wednesday. Wall Street expects $1.78 EPS on ~$79B in revenue, with the July guidance outlook seen as the make-or-break moment. Despite fresh price target hikes from Cantor Fitzgerald, Wedbush, Morgan Stanley, and others today, Goldman Sachs flagged the semiconductor sector as its most technically overbought since 1999/2000, prompting profit-taking. At $222.72, NVDA sits well below its 52-week high of $236.54 hit just last week. Broadcom is off ~1.7%, adding to a -3.3% loss on Friday, though analyst targets remain lofty — UBS raised its target to $490 today, and Wells Fargo's target stands at $545 ahead of Broadcom's June 3 earnings.

D-Wave Quantum is the sharpest decliner on the list, tumbling ~8.4% to $18.65 on heavy volume of 13.2 million shares. This is the third significant down move in five sessions, with the stock now trading near the lower end of its $11.89–$46.75 52-week range. The volatility stems from mixed Q1 results: bookings surged nearly 2,000% year-over-year to $33.4 million, but revenue cratered 81% to $2.9 million due to a one-time prior-year system sale that didn't repeat. The 3x leveraged Nasdaq ETF ProShares UltraPro QQQ is amplifying today's tech weakness, sliding ~2.1% as the Nasdaq faces the same macro headwinds, with all eyes on Nvidia's Wednesday earnings as a potential reset for the entire AI trade.

SEALSQ Corp is also lower by ~5.2%, though the move appears driven by broader risk-off sentiment rather than company-specific news. The overall theme across the list is a cooling of AI/tech momentum after a strong run to record highs, with investors cautiously repositioning ahead of Nvidia's high-stakes earnings report.