Tesla stock edged down slightly Tuesday after Elon Musk confirmed CNBC's report he shifted Nvidia AI chip shipments from Tesla.
Chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Qualcomm Inc (NASDAQ:QCOM), Micron Technology, Inc (NASDAQ:MU) and Arm Holdings Plc (NASDAQ:ARM) were trading lower Tuesday amid reports of Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) plans to boost the price of its AI chip production services. TSMC stock also traded lower on Tuesday. U.S. Big Tech stocks harboring AI ambitions are also trading lower Tuesday, including Microsoft Corp (NASDAQ:MSFT), Met
The Dow Jones Industrial Average lost steam but led the major indexes on Tuesday. Carnival stock popped and lifted other cruise line stocks.