Stock market today: AI euphoria has most of Wall Street rising after Nvidia’s latest blowout report

Stocks are climbing following another blowout earnings report from Nvidia as euphoria builds over the profit potential of artificial intelligence. The S&P 500 was up 0.5% in early trading Thursday and on track to beat its record set earlier this week. The Nasdaq composite was 1% higher. The Dow Jones Industrial Average slipped 29 points. Nvidia soared after saying late Wednesday that its revenue more than tripled in the latest quarter from a year earlier. It helped send stocks of chip makers and other AI-related stocks higher. Treasury yields were holding steady after a strong report on unemployment claims.