From Nasdaq: 2024-04-09 18:05:00

Major indices closed mixed but flattish on Tuesday, with the Dow down -0.02%, S&P 500 up +0.14%, and Russell 2000 up +0.13%. NVIDIA shares fell 3%, while Intel unveiled a new chip to challenge NVIDIA in A.I. NASDAQ outperformed, fueled by A.I. excitement. Competition in A.I. space brewing, benefiting tech stocks.

Intel’s Gaudi 3 chip aims to rival NVIDIA’s A.I. processor, offering better performance and cost efficiency. A.I. competition heats up, with Intel, Apple, and Amazon poised to benefit. Inflation Rate expected to tick up in March Consumer Price Index report. Q1 earnings from Delta Airlines expected to show +44% growth.

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Read more at Nasdaq: Competition for A.I.? CPI, Delta Q1 Ahead of Wednesday’s Open