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AAP
AAP
Business
STAN CHOE (AP Business Writer)

Wall Street adds to its records as the AI boom keeps growing

NEW YORK (AP) — The U.S. stock market added to its records as winners of the artificial-intelligence boom keep driving higher. The S&P 500 rose 0.1% Tuesday, edging past the previous all-time high it set a day earlier. The Dow Jones Industrial Average added 0.4%, and the Nasdaq composite rose less than 0.1%. Marvell Technology leaped to its biggest gain on record after Nvidia's CEO suggested it could be the next company to be worth $1 trillion. But Alphabet weighed on the market after the parent company of Google said it's raising $80 billion to help pay for its AI investments. Oil prices rose.

THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.

NEW YORK (AP) — The U.S. stock market is hanging around its records Tuesday as winners of the artificial-intelligence boom keep driving higher.

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