Individual equities and separate sectors popped Wednesday, but collectively, their moves weren’t forceful enough to lift indexes.
Beleaguered American chipmaker Intel is finding itself in slightly less prickly situations lately. Its shares jumped 6.4% Wednesday on reports that it is seeking an investment from Apple — which would form a ménage à trois with Nvidia and the U.S. government.
Still, the Nasdaq Composite lost 0.34% as major artificial intelligence names such as Nvidia and Oracle retreated. Traders presumably took profit, or fled because of worries that OpenAI’s $850 billion buildout is overly ambitious or looking like a bubble.
Across the Atlantic, European defense stocks jumped after U.S. President Donald Trump said Wednesday that
CNBC Daily Open: Rallies of individual stock couldn’t push up major indexes
