Traders work on the floor of the New York Stock Exchange (NYSE) on October 01, 2025, in New York City.<\/p>\n
Spencer Platt | Getty Images<\/p>\n
The S&P 500<\/a> rose slightly on Wednesday, a day after it snapped a seven-day win streak because of a drop in Oracle that called to question the sustainability of the artificial intelligence trade. The government shutdown is also in its second week.<\/p>\n The benchmark index climbed 0.1%, while the Nasdaq Composite<\/a> advanced 0.4%. The Dow Jones Industrial Average<\/a> fell 62 points, or 0.2%.<\/p>\n Nvidia shares rose more than 1% after CEO Jensen Huang said that demand has risen in recent months, telling CNBC that “this year, particularly the last six months, demand of computing has gone up substantially.”<\/p>\n The move comes just a day after the AI chip darling finished lower in sympathy with Oracle<\/a> shares in the wake of Oracle reportedly seeing lighter margins<\/a> in its cloud business than analysts are currently forecasting and that the enterprise software company is losing money on some of its deals to rent out Nvidia’s chips.<\/p>\n The report added to fears that the stock market is currently caught up in an AI bubble that harkens back to the late 1990s, when a feeding frenzy on early internet companies eventually led to the bursting of the dot-com bubble. Many market observers are urging investors to rebalance their portfolios, while also acknowledging there could be further upside before the AI rally exhausts itself.<\/p>\n