Dow Jones Futures: U.S.-Iran Conflict Sparks Market Upheaval As Nvidia Rallies; Credo, MongoDB Plunge Late

Escalating U.S.-Iran tensions triggered market volatility on Monday, causing broad stock declines as investors reacted to geopolitical uncertainty and potential economic disruptions. Nvidia shares surged amid the downturn, defying the trend as demand for AI and quantum-accelerated chips remained resilient despite macroeconomic instability. Credo Technology stock plummeted after weak quarterly earnings, with investors punishing the semiconductor firm for missed revenue targets and lowered guidance. MongoDB also tumbled post-earnings, as slowing cloud database growth and rising costs overshadowed its AI-driven product expansions. The Nasdaq underperformed relative to Dow futures, highlighting tech sector vulnerability to geopolitical shocks and earnings-driven selloffs.