Nvidia shares fell more than 6% after The Information, citing sources, reported that Meta Platforms is considering spending billions of dollars on artificial intelligence chips from Alphabet. Alphabet shares rose more than 1%, and Meta 2.35% to $626.81. The Dow Jones Industrial Average rose 0.15%, while the S&P 500 fluctuated. On Tuesday, US stocks struggled to capitalize on a broad rally led by the technology sector, supported by growing optimism that the Federal Reserve will cut interest rates next month, as recent economic data offered insights into consumer spending and price pressures.
