Nasdaq declines on AI concerns

The Wall Street indices opened lower due to increasing concerns over expanding capital spending on AI chips and Chinese competition. The Nasdaq declined by 107 points (0.43%) to reach 24,825 points, amid ongoing caution about companies' ability to turn AI investments into sustainable profits. Conversely, the Dow Jones rose by 282.8 points (0.54%) at the open, while the S&P 500 increased by 17.6 points (0.24%). The market is entering a period where investors are awaiting the results of major American companies to understand the impact of spending on growth and profits.

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