The tech-heavy Nasdaq climbed above 17,000 points Tuesday morning as AI stock Nvidia continued to rise. With this move, the index has made a record for the third consecutive week.
Nvidia shares surged more than 4.5% Tuesday morning, driven by last week’s strong performance. The AI chip maker now has the best business brand reputation in America, according to a recent survey.
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Meanwhile, the Dow Jones Industrial Average lagged, falling 139 points, or 0.4, to 39,932, while the S&P 500 added 0.01%. All three major indexes have made record highs this month, which indicates a strong stock market.