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Dow Tumbles Over 400 Points as Tech Stocks Rise Amid AI Demand Surge

Guavy AI Editorial Team
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The US stock market saw divergent performance on Wednesday, with the Dow Jones Industrial Average falling by over 400 points. In contrast, large-cap tech stocks led gains.

Intel rose 3.71% to $120.23 following a report from TrendForce that CPU lead times have extended to 25-30 weeks due to increased demand from AI agents such as Muse. This marks the first direct evidence of AI agents impacting CPUs at the supply chain level.

Mega-cap tech stocks like Apple, Amazon, and Google also performed well, with gains ranging from 0.51% to 1.10%. However, Meta Platforms fell by 1.84%, while Broadcom dropped by 1.10%.

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