Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week.

The Nasdaq fell as megacaps lost after having rallied for much of the year. Nvidia fell 3.5%, the biggest drop in nearly four months.

U.S. stock indexes ended mixed after Nvidia, Palantir and other superstar stocks pared most of their steep losses from the morning.

Nvidia, Palantir and other superstar stocks that had surged in the mania surrounding artificial-intelligence technology are dragging Wall Street lower again on Wednesday. The S&P 500 fell 0.5% and was heading for a fourth straight loss after setting an all-time high last week.

Nvidia, Palantir and other superstar stocks that surged in the mania surrounding artificial-intelligence technology are dragging Wall Street lower again on Wednesday. The S&P 500 fell 0.9% and was on track for a fourth straight loss after setting an all-time high last week.