The Dow Jones Industrial Average hit a new record high, topping 45,000 for the first time and making a run for its 47th record close, before falling on Wednesday afternoon.
Read More Dow Hits 45K Before Falling as Wall Street Struggles Amid ‘Tech Stock Slump’
A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago.
Read More Echoes of dotcom bubble haunt AI-driven US stock market
The benchmark S&P 500 touched a record high on Thursday, boosted by strong gains in Nvidia.
Read More S&P 500 notches record high as Nvidia rally continues
Chinese universities and research institutes recently obtained high-end Nvidia AI chips through resellers.
Read More China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show