NEW YORK (AP) — Artificial-intelligence stocks are tumbling again on Tuesday, and the former superstars that had led the market to records are dragging Wall Street along with them.
The S&P 500 dropped 1.1% after erasing an early gain of 1% and pulled further from its all-time high set a week ago. The Dow Jones Industrial Average was down 283 points, or 0.6%, as of 11:35 a.m. Eastern time, and the Nasdaq composite was 1.9% lower.
Indexes swung lower as companies selling computer chips, memory and other building blocks of the AI boom broke from early gains to losses. Micron Technology went from an early jump of 4.2% to a drop of 4.9%, for example. That's a day after it soared 9.9% and two days after it plunged 13.3%.
