AI Stocks Strengthen While Oil Prices Surge

An AP News article

More gains for makers of computer chips and other winners of the artificial-intelligence boom carried Wall Street higher Tuesday.

The S&P 500 climbed 0.9%. The Dow Jones Industrial Average added 385 points, or 0.7%, and the Nasdaq composite rose 1.3%.

AI stocks once again were at the center of the action, and they rose for a second straight day after tumbling the week before.

After rocketing higher because of the boom in investment in AI chips and data centers, they’ve come under pressure in recent weeks on worries that they shot too high. Concerns are also weighing that investment in AI may fall off if it doesn’t produce as much profit and productivity as hoped.

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