By STAN CHOE — AP Business Writer
Publication Date: 2025-11-13 15:23:00
NEW YORK (AP) — The U.S. stock market is slipping on Thursday as Nvidia and other superstars swept up in the mania around artificial-intelligence technology keep swinging.
The S&P 500 fell 0.6% in morning trading, pulling a bit further from its all-time high set late last month. The Dow Jones Industrial Average dipped 106 points, or 0.2%, from its own record set the day before, while the Nasdaq composite was down 1.1%, as of 10 a.m. Eastern time.
Nvidia was the heaviest weight on the market after the chip company lost 2.7%. Other AI darlings also struggled, including drops of 3.4% for Palantir Technologies and 4.2% for Super Micro Computer.
Questions have been rising worldwide about whether such superstar stocks can add more to their already spectacular gains. Palantir earlier this month had a stunning rise of nearly 174% for the year so far, for example.
Such sensational performances have been one of the top reasons the U.S. market has hit records despite a slowing job market and high inflation. AI stock prices have shot so high, though, that they’ve drawn comparisons to the 2000 dot-com bubble which ultimately dragged the S&P 500 down by nearly half after bursting.
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