This article first appeared on GuruFocus.
The S&P 500 held steady on Tuesday as investors tried to avoid a three-day losing streak, according to a Tuesday market update.
The Nasdaq Composite remained near the flatline, while the Dow Jones Industrial Average fell 87 points, or about 0.2%.
Tech shares led recent volatility, with Nvidia (NASDAQ:NVDA) down more than 1% and Palantir Technologies (NASDAQ:PLTR) sliding 2.4% in the prior session.
Despite these dips, the stocks have posted strong gains this year, with Nvidia up 39% and Palantir and Advanced Micro Devices (NASDAQ:AMD) climbing 142% and 78%, respectively.
Analysts expect AI-related demand to continue benefiting semiconductors and data center suppliers in 2026. Bill Northey of U.S. Bank Asset Management noted potential productivity gains for companies applying AI, which may accelerate corporate earnings.
Investors also await the Federal Reserve’s December meeting minutes, due Tuesday afternoon, for insight on recent rate cuts.