The superstar run for Nvidia’s stock the last few years has been astonishing. So was its tumble Monday, which caused $595 billion in wealth to vanish. That’s about as much as PepsiCo, McDonalds, Starbucks and Target are worth,

ASML stock rises after fourth-quarter bookings at the Dutch semiconductor equipment maker top analysts’ forecasts, T-Mobile smashes profit expectations, and Wall Street awaits quarterly earnings Wednesday from Tesla,

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September

Nvidia (NASDAQ: NVDA) stock fell 1.3%, a day after the chipmaker rallied to recover some of Monday’s steep losses suffered on Monday. Week to date, the stock is down more than 9% after the DeepSeek-sparked sell-off to start the week.

U.S. equities were mostly lower at midday as the market waited for the latest comments from the Federal Reserve about the future of interest rates, which are coming later today. The Dow Jones Industrial Average was little changed, while the S&P 500 and Nasdaq fell.

Plus: How AI propelled Nvidia up the list and other insights from this year's survey of corporate reputations.

NASDAQ is losing ground as traders sell tech stocks. NVIDIA is the worst performer in the NASDAQ index today. Starbucks, which was up by 8.2%, was the biggest gainer in the index. The stock rallied as traders reacted to the better-than-expected earnings report.

IBM projected constant currency revenue to grow 5% in the full year, above estimates for 4.81% growth. Meanwhile, the company forecasted free cash flow of $13.5 billion for the full year, above the $12.92 billion Wall Street had expected. IBM also said its generative AI book business now stands at more than $5 billion.

Investors also assessed a return to a tougher tone on tariffs from President Donald Trump, ahead of the start of a Federal Reserve meeting

The AI company sent shockwaves through global markets when it released its latest model. Here's what happened.

The stock plunged 17% on Monday and slashed more than $595 billion from the company's valuation, the biggest single-day market cap decline on record.

Stocks rose Tuesday, led by tech. AI fears loom as Meta, Microsoft report earnings. Tesla faces policy risks. Fed decision, major earnings, and government cuts ahead.