The Dow cut a larger earlier loss to 0.2%. The Nasdaq composite dropped 1% and the S&P 500 retreated nearly 0.6%, as Palantir stock sank more than 6%. Small-cap stocks on Tuesday weren't spared, with the Russell 2000 index pulling back 0.6%.

Despite its hefty market cap, Nvidia still trades at a reasonable forward P/E ratio, just 45 times full-year earnings estimates. Wall Street analysts currently anticipate Nvidia's earnings growing by an average of almost 33% annually over the next three to five years. That is plenty of growth to justify owning the stock at these levels.

Analysts raise targets to $350 as orders hit $500B. Amazon secures GPUs for OpenAI in $38B deal. UAE export approved.

Microsoft Corp. once again surpassed $4 trillion in valuation, joining artificial intelligence chipmaker Nvidia in the exclusive club that also briefly included Apple on Tuesday.

Meta Platforms is growing its revenue faster than almost every other "Magnificent Seven" company, yet its stock is the cheapest of them all.

Despite a wave of key S&P 500 earnings and a Fed rate cut on deck this week, Nvidia is once again drawing the biggest headlines and driving the biggest market swings. The chip giant made a series of announcements Tuesday including: A $1 billion investment in Nokia, the legacy telecom company

Apple has joined one of the most exclusive clubs in business after its stock hit a record high on the back of strong iPhone 17 sales and AI buzz.

Nvidia, Microsoft, Apple, Alphabet, Amazon, Broadcom, Meta Platforms, Tesla, Oracle, and Netflix form the "Ten Titans," which make up a staggering 39% of the S&P 500. The "Ten Titans" have produced monster returns in recent years, stretching valuations. But there's still room to run for many of the Titans, including Nvidia and Microsoft.