The S&P 500 and Nasdaq Composite rose Tuesday, led by a rebound in Nvidia shares after a sharp downturn in the stock a day prior.
The broad market S&P 500 climbed 0.2%, while the Nasdaq advanced 0.6%. The Dow Jones Industrial Average lagged, losing 63 points, or 0.2%.
Nvidia shares were up 2.6%. In the previous session, the stock dropped more than 6% to mark its biggest one-day slide since April 19 — when it lost 10%.
The latest decline pushed the AI darling deeper into correction territory, down 16% from an intraday record set last week. Other semiconductor stocks were also under pressure on Monday, including Super Micro Computer, Qualcomm and Broadcom.
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