Synopsis
US Stock Market today: Nvidia dipped 1.8 per cent after chip manufacturer TSMC struck a cautious note on 2027 despite reporting a sixth consecutive record quarterly profit on robust AI-driven demand.
AP CoreWeave, which offers AI computing power to customers over the cloud, fell as much as 9.5 per cent in the morning after tumbling 15.5 per cent a day earlier. US stock market indexes on Thursday rebounded after suffering one of the worst days of trading at the Wall Street. S&P 500 rose 25.12 points, or 0.3 per cent, to 7,744.06, Dow Jones Industrial Average rose 556.21 points, or 1.1 per cent, to 52,177.69, Nasdaq composite rose 20.16 points, or 0.1 per cent, to 26,713.03, Russell 2000 index of smaller companies rose 37.74 points, or 1.4 per cent, to 2,767.27.
The S&P 500 rose 0.3 per cent after erasing an early-morning loss and pulled closer to its all-time high set last week. The Dow Jones Industrial Average jumped 556 points, or 1.1 per cent, while the Nasdaq composite added 0.1 per cent.
Tech Stocks Drop
Several technology stocks fell, as investors scrutinized AI-related companies whose debt loads leave them vulnerable to rising interest rates.
Nvidia dipped 1.8 per cent after chip manufacturer TSMC struck a cautious note on 2027 despite reporting a sixth consecutive record quarterly profit on robust AI-driven demand. Dell Technologies dropped 6.9 per cent and Hewlett Packard Enterprise fell 7.1 per cent, with both server makers adding to sharp losses in the prior session related to worries about AI companies exposed to higher borrowing costs.
Taiwan Semiconductor Manufacturing Co. ’s stock that trades in the United States dropped as much as 5.3 per cent in the morning before finishing with a more modest loss of 1.8 per cent. The bellwether for the AI industry reported a profit for the latest quarter that topped analysts’ high expectations, and Chief Financial Officer Wendell Huang said it expects strong demand to continue in the final three months of 2026.
CoreWeave, which offers AI computing power to customers over the cloud, fell as much as 9.5 per cent in the morning after tumbling 15.5 per cent a day earlier. It later
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