Jim Iuorio has his eyes on AI-led volatility as tech sells while the rest of the stock market adds muscle. He sees Nvidia (NVDA) earnings as the next litmus test for investors once it reports in two weeks. While Jim expects the company to post an incredible report, spending concerns on the AI buildout is what he believes serves as a massive headwind for tech stock sentiment. He then looks to the Fed's interest rate cycle and explains how the tech trade and lasting crude oil volatility create big question marks for its outlook.