The Dow Jones Industrial Average added points, or 0. The spotlight remained on Nvidia, whose chips are powering much of the move into AI and whose stock has become a symbol of the surrounding frenzy.
It rose 8. Other AI-related companies also held steadier, including chip company Broadcom, which rose 2.
Constellation Energy picked up 1. It had earlier rallied on expectations it will help supply the electricity that vast AI data centers would gobble up. Such revenues are threatened after DeepSeek, a Chinese company, said it was able to develop a large language model that can perform as well as big U.
That raises questions about whether all the spending expected for AI chips and electricity will need to happen. The gains, though, also created criticism that the stock prices had simply gone too high, too fast. While it could mean less growth in spending than expected for data centers, electricity and chips, it could also boost other areas. Outside of AI-related industries, stocks held up fairly well on Monday, and they were mixed Tuesday following a set of mixed profit reports. It benefited from stronger-than-expected demand from customers booking trips closer to the time of departure.
JetBlue Airways, meanwhile, lost a quarter of its value, The company expects its costs outside of fuel to rise more quickly at the start of than a key underlying measure of its revenue. The Dow Jones Industrial Average added The yield on the year Treasury remained at 4. The U. A report showing confidence among U. The more anticipated event will come on Wednesday, when the Federal Reserve will announce its latest decision on interest rates. The widespread expectation is that it will leave the federal funds rate alone.
