AI is powering the S&P 500, but it's mostly companies taking an "if you build it they will come" approach. So far, most companies aren't actually paying for AI services.
Nvidia stock reversed a three-day slide that erased roughly $430 billion of the AI chip giant's market cap.
Stock Market Today: Dow Jones futures dropped Wednesday ahead of key housing data. Rivian soared 41% on a $5 billion Volkswagen investment.