The market remains focused on the developments as the U.S. government shutdown enters its second week. U.S. stocks edged higher in early trading on Wednesday. The S&P 500 opened 9 points higher, while the Dow Jones Industrial Average reversed earlier gains of 46 points and was recently down 60 points. The Nasdaq Composite rose 63 points at the open, gaining approximately 0.3%, leading among the three major indices.
NVIDIA (NVDA.US) shares rose more than 1%. CEO Jensen Huang stated that computational demand has surged over the past six months as artificial intelligence models advance from simple question-and-answer tasks to higher-level reasoning. He also expressed surprise at AMD (AMD.US) transferring a 10% stake to OpenAI. AMD shares climbed more than 3% on Wednesday, making it the best-performing stock in the Nasdaq 100 index.
Tesla (TSLA.US) launched a lower-priced version of the Model Y yesterday; however, with a price tag of $39,990, which was higher than expected, the stock fell by 0.5%.
