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Futures tied to the Dow Jones Industrial Average rose by 27 points. S&P 500 futures gained 0.1%, and Nasdaq 100 futures rose about 0.3%.

Key stock averages in the US rose as concerns about AI-related disruptions in various sectors faded. The S&P 500 closed up about 0.8%, while the Nasdaq Composite rose around 1%. The Dow, consisting of 30 stocks, gained 370 points, or about 0.8%.

The iShares Expanded Tech-Software Sector ETF (IGV) rose 1.9% on Tuesday but remains down more than 25% for the year.

Tuesday's moves came ahead of Nvidia's quarterly earnings and results from software giants Salesforce and Snowflake, which are set to be released after the market close on Wednesday.

Nvidia's results come at a time when investors are reassessing valuations of high-tech stocks, and skepticism surrounds the high AI capital expenditures of hyper-scale companies.

Analysts believe Nvidia's results may still be decisive for the direction of the US stock market, but due to the recent panic in the software sector and growing interest in rapidly evolving AI tools like Claude, the importance of these results has generally decreased somewhat.

Additionally, investors are also tracking the rising tensions between the US and Iran this week. Last weekend, US President Donald Trump had threatened to increase global tariffs by 15%, but on Tuesday, a 10% tariff was applied to global imports.