Nvidia stock gained on Monday in the run-up to its earnings report this week, despite doubts about sales of its artificial-intelligence chips in China. The semiconductor maker’s shares were up 0.7% at $179.

Chinese shares led Asia higher on Monday as investors gave a cautious welcome to the likely resumption of U.S. interest rate cuts, while hoping AI-superstar Nvidia's results this week will help justify the sector's stratospheric valuations.