Shares of technology companies slipped as artificial-intelligence euphoria waned.
Nvidia shares slipped ahead of the AI bellwether's earnings report later in the week. With a market capitalization above $5 trillion, the chip maker dwarfs major global corporations such as Walmart, said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management.
A jury unanimously rejected Elon Musk's claims against OpenAI, finding that he brought his lawsuit against the company and Chief Executive Sam Altman after the statute of limitations expired. Musk's attorney said in court that his side will reserve its right to appeal.
Chinese search-engine giant Baidu recorded another sharp profit drop and a fourth straight quarter of revenue declines as it seeks to reinvent itself as an AI company.
Write to Rob Curran at rob.curran@dowjones.com
