Stock Indexes Wrap: Nvidia, AI Stocks Boost the Nasdaq; Health Care Weighs on Dow

In today’s stock market news, the Nasdaq saw a boost from Nvidia and AI stocks, while the Dow was weighed down by health care stocks. Here are some highlights from the market:

– **Nvidia Surges**: Nvidia’s stock reached a record high after reports that Elon Musk revealed plans for a supercomputer that would require 100,000 semiconductors. This news sent Nvidia shares up 7%, with other AI-related stocks like Vistra and AMD also seeing gains.

– **Health Care Weighs on Dow**: The health care sector was the worst-performing on Tuesday, with companies like Merck, Amgen, and Johnson & Johnson leading the Dow lower. Merck fell 2.6%, contributing to the sector’s overall decline.

– **Norwegian Cruise Line Upgraded**: Norwegian Cruise Line Holdings received a boost after Mizuho Securities upgraded the stock to “buy” and raised its price target. The company’s cost-cutting efforts and positive industry outlook were cited as reasons for the upgrade.

– **GameStop Completes Share Sale**: GameStop shares surged after the company successfully completed a $933 million share sale. The video game retailer capitalized on the recent meme stock rally, with shares jumping 25% in premarket trading.

Overall, the market saw a mix of gains and losses, with specific sectors and individual stocks driving the day’s movements. Investors will be keeping a close eye on upcoming developments and earnings reports to guide their investment decisions.