AI pioneer Nvidia was again the heaviest weight on the market. The chipmaker's drop of 3.2% brought its loss for the month to nearly 11%, putting it in "correction" territory, or when a stock falls at least 10% from its previous high. The company is scheduled to report is third-quarter financial results on Wednesday.

Alphabet shares rallied on Wednesday after investors cheered the release of Google's new Gemini 3 AI model. Google said Gemini 3 allows users to get better answers to more complex questions and doesn't need as much prompting to determine the context and intent behind their requests.

This is a significant adjustment, but it’s important to note that the stock was initially priced at $31 during its remarkable June IPO

The seemingly sturdy U.S. stock market has begun to wobble. Its months'-long tech-driven rally may be running out of steam amid growing wariness about the artificial intelligence boom and broader uncertainty about the U.S. economy’s outlook.

Nvidia spent $12.46 billion to buy back its stock during the three months to Oct. 26. That's up from $9.72 billion in the previous quarter, and more than the $11 billion spent in the same quarter a year ago.

Boeing is having a solid showing at the Dubai Air Show. That isn’t helping the stock, though. There’s a good reason for that.Shares of the commercial airplane maker fell 1.1% on Tuesday, closing at $189.