Nvidia and other AI stocks bounced back Tuesday after Monday’s weakness, even as the broader U.S. stock market opened lower.
The Dow and other major indexes slipped as the 10-year Treasury yield climbed to its highest level since 2007 and oil prices kept rising.
The pressure on equities came as the Federal Reserve began its two-day policy meeting, putting rates and inflation back at the center of trading.
The split move highlighted a market still willing to buy AI leaders while higher borrowing costs and energy prices weigh on risk appetite more broadly.