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Dow Jones Top Markets Headlines at 3 AM ET: AI Trade Splinters as Google Challenges Nvidia's Dominance | U.S. ... Dow industrials add more than 600 points, biggest gain since August. The price cuts will save Medicare billions of dollars in prescription-drug spending.
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Stock Market Today: Google Parent Alphabet Continues AI-Fueled Ascent, Pushing Nasdaq Up Nearly 3%
This live blog is refreshed periodically throughout the day with the latest updates from the market.To find the latest Stock Market Today threads, click here. Happy Monday. This is TheStreet’s Stock Market Today for Nov.
In a brutal month for AI-related tech stocks, Google-parent Alphabet has been bucking the trend. It isn’t as if Google has become some sort of AI counterplay. The company is squarely in the race to develop the most advanced AI models and is spending mind-blowing sums to do it.
Nvidia shares plummeted over 3% after reports emerged that Meta Platforms is negotiating to spend billions on Google's AI chips, signaling a significant challenge to Nvidia's dominance in the AI chip market.
On Tuesday, Cathie Wood-led Ark Invest made significant trades. These trades were executed across multiple Ark ETFs and focused on tech as well as cryptocurrency-related companies.