Stock Market Today: Nvidia Dips Off New Highs While AI Stocks Maintain Their Edge

Core Insights - Nvidia reached a new all-time high of $179.38 before closing down 0.70% at $175.51, driven by a significant 300,000-unit order for H20 chips for China, indicating strong overseas demand despite U.S. export restrictions [2][4] - The overall investor enthusiasm for AI infrastructure was bolstered by Alphabet's 13% increase in capital expenditures and the U.S. government's new AI Action Plan [2] - Nvidia's slight decline mirrored the broader market trends, with the S&P 500 and Nasdaq Composite falling by 0.3% and 0.38% respectively, while semiconductor peers like AMD and Broadcom achieved new highs [3] Company Performance - Nvidia's trading volume was 153 million shares, below the average of 194 million shares, suggesting mild profit-taking rather than sector weakness [4] - The modest retreat after reaching a new high reflects healthy consolidation, supported by strong demand for AI infrastructure and positive sentiment in the semiconductor sector [4] Industry Trends - Advanced Micro Devices (AMD) saw a 2.18% increase to $177.44, marking a new 52-week high, while Broadcom rose 1.06% to $297.42, also achieving a new all-time high, indicating robust enterprise demand for custom AI accelerators [3]