Wall Street futures were flat-to-slightly-higher on Monday as investors geared up for a busy week, while major chip companies fell on the eve of a key tariff deadline with China following the latest twist in U.

Nvidia and its smaller rival Advanced Micro Devices have both agreed to remit 15% of the revenue they generated from AI chip sales in China to the Trump administration, The Wall Street Journal reported Sunday, citing people familiar with the matter.

Nvidia and AMD agreed to share 15% of their revenues from chip sales to China with the U.S. government, a U.S. government official has confirmed