Nvidia and other tech stocks pull Wall Street higher Boston 25 News [Video]

NEW YORK — (AP) — Rising technology stocks on Monday helped U.S. indexes recover some more of their holiday-season slide that bridged the new year.

The S&P 500 added 0.6% for a second straight gain following five straight losses, its longest losing streak since April. The Dow Jones Industrial Average lost an early gain to slip 25 points, or 0.1%, and the Nasdaq composite gained 1.2%.

Slightly more stocks fell in the S&P 500 than rose amid the mixed trading. Tech companies were the clear leaders, including those swept up in the frenzy around artificial-intelligence technology. Nvidia climbed 3.4% to top its record set in November ahead of a speech by CEO Jensen Huang at the annual CES convention in Las Vegas after trading ended for the day.

Nvidia and other AI stocks keep climbing even as criticism rises that their stock prices have already shot too high, too fast. Despite worries about a potential bubble, the industry continues to talk up its potential.

…