The US stock market wobbled for the second day amid growing concerns over the potentially circular nature of the investment in the AI industry.

The S&P 500 inched down by 0.3% on Wednesday, closing at 6,637. The Nasdaq also ended the day down by 0.3% at 22,497. The DJIA dropped by 171 points or 0.4% to close at 46,121.

Nvidia (NVDA.US) stretched Tuesday's downswing, losing another 0.8%. Oracle (ORCL.US) also fell for two consecutive days, dropping another 1.7% on Wednesday.

In contrast, Alibaba (BABA.US) surged by 8.2%. Seeing its launch of a new AI model and plans to expand its global data centers tenfold, Citi anticipates the group to embrace structural opportunities down the road.
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AAStocks Financial News
Web Site: www.aastocks.com

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