In the closing of the recent trading day, Nvidia (NVDA) stood at $175.64, denoting a -3.5% move from the preceding trading day.

Wall Street is edging further from its records. NEW YORK (AP) — Wall Street is edging lower on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology.

Appaloosa's billionaire boss reversed course in the second quarter by becoming a big-time buyer of Nvidia stock and a seller of the hottest AI-networking company.

Nvidia stock has rebounded from its lows earlier this year, and expectations are mighty high as earnings come into view. While competition is rising, Nvidia remains well positioned to capitalize on a number of emerging infrastructure opportunities.

NEW YORK — Wall Street faded Aug. 19 following drops for Nvidia and other stars that have been riding the mania surrounding artificial-intelligence technology.

Nvidia has been the biggest beneficiary of AI spending among big tech companies. But Amazon and Meta Platforms are two tech giants seeing very strong results from investments in AI, and their future could be even brighter.

The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3.5%.