US stocks rise after getting a reminder of AI's potential upsides
US stocks rise after getting a reminder of AI's potential upsides is drawing significant interest across the industry.
The U.S. stock market rose after getting a reminder that the artificial-intelligence technology boom may also have an upside. The S&P 500 climbed 0.8% Tuesday and recovered nearly three-quarters of its loss from the day before, when worries worsened that AI could make some businesses and industries obsolete. The Dow Jones Industrial Average rose 0.8%, and the Nasdaq composite gained 1%. AMD helped lead the market after announcing a multiyear deal where it will supply chips to power Meta Platforms’ AI ambitions. IBM recovered some of its drop from the prior day, when worries about AI sent it to its worst loss since 2000.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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