The market was mixed ahead of key economic data. Elon Musk reportedly diverted Nvidia AI chips from Tesla to X and xAI.
(Bloomberg) -- Elon Musk confirmed he diverted artificial intelligence chips away from Tesla Inc. to his X Corp. and xAI Corp. ventures, offering explanations both for the redirected shipment and internal Nvidia Corp. emails casting doubt on the carmaker’s procurement plans.Most Read from BloombergModi Vows to Retain Power Even as Party Loses India MajorityShort Sellers in Danger of Extinction After Crushing Stock GainsBonds Rally as Traders Reload Fed Bets After Data: Markets WrapStock Pickers
The Dow Jones Industrial Average lost steam but led the major indexes on Tuesday. Carnival stock popped and lifted other cruise line stocks.