Wall Street has its worst day in a month
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Questions have been rising about whether such AI superstar stocks can add more to their already spectacular gains.
Wall Street ended sharply higher on Monday, led by big gains in Nvidia, Palantir and other heavyweight AI-related companies following progress in Washington to end a record government shutdown.
Alibaba reportedly preps revamp of AI app to resemble ChatGPT. China's Baidu sets stage for new AI chips at its annual tech event. Jobs, CPI reports for October may never be released - WH.
The S&P 500 slipped 0.2% in early trading. The Dow Jones Industrial Average was up 78 points, or 0.2%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.4% lower. All three are still near their all-time highs, but they’ve been shaky recently.
Wall Street was set to open in the red on Thursday as investors awaited indications on the U.S. economy and the monetary policy path after President Donald Trump signed a bill ending the longest government shutdown in the country's history.
Goldman's head of AI engineering for asset management, Dan Popescu, tells Business Insider what makes candidates stand out.
Stocks on Wall Street slumped on Thursday as worries about high valuations of artificial intelligence (AI) businesses returned and amid doubts about US interest rate cuts. The tech-heavy Nasdaq Composite dropped by more than 2.3pc, its third-straight day of losses.
A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence. The Wall Street Journal reports that the Nasdaq Composite Index was down 3% — making this its worst week since President Donald Trump announced his sweeping tariff plan in April.