By Hays Post
Publication Date: 2026-10-27 20:00:00
NEW YORK (AP) — Stocks in the artificial-intelligence industry led Wall Street higher on Tuesday, as their yo-yo moves swing back upward.
The S&P 500 rose 0.6% and pulled within 1.2% of its all-time high set earlier this month. The Dow Jones Industrial Average added 15 points, or less than 0.1%, and the Nasdaq composite climbed 1.2%.
The majority of stocks within the S&P 500 fell, but the gains for influential AI stocks made up for that. AI stocks rose to another winning day after swerving for weeks on worries about whether their boom is under threat because of how expensive it’s become for companies to borrow money to build data centers and buy more AI chips.
Broadcom climbed 4% after announcing a $63 billion financing deal where several Wall Street firms will help Anthropic get access to Broadcom’s XPU AI accelerators and networking solutions.
Elsewhere in the industry, Nvidia added 0.9% and was one of the strongest forces behind Broadcom pushing the S&P 500 higher. CoreWeave,…
