AI Stocks Rebound with ‘Fundamentals Still Intact,’ Says UBS

AI stocks rebounded on Tuesday as American and Canadian officials backed off threats to escalate the two countries’ trade war. 

Super Micro Computer (SMCI) was the best-performing stock in the S&P 500 on Tuesday, up 10.7%. Several other popular AI stocks were among the day’s best performers, including nuclear power provider Vistra (VST), up 5.4%, and AI chip giant Nvidia (NVDA), up 1.7%. 

AI stocks may have found some support on Tuesday by investors willing to buy the dip after…