Nvidia is the biggest name in artificial intelligence (AI) today, but a potential deal between Apple and Google could change the narrative.
A lackluster guidance for the current quarter has sent this AI stock packing.
The U.S. stock market is off to a soaring start in 2024, as optimism over the economy and interest rate cuts has combined with exuberance about the business opportunity in artificial intelligence to stir up a potent cocktail for equities. The S&P 500 in late January hit its first record high in two years and hasn't looked back, setting more than a dozen highs without a significant pullback so far this year, on pace for its biggest first-quarter gain since 2019.