The stock market is on track for a lower open this morning amid a sharp slide in Bitcoin and other cryptocurrencies, which is fostering an early "risk-off" disposition in the market.
Mega-cap and tech names are mostly lower in the pre-market, setting the stage for an index-level retreat at the open.
NVIDIA (NVDA 175.26, -1.74, -1.0%), however, is off of its worst pre-market levels after announcing a $2 billion investment in Synopsys' (SNPS 448.94, +30.93, +7.6%) common stock as the two companies are set to partner on efforts to revolutionize AI engineering and design.