U.S. Stocks Dip as Nvidia’s AI Superchip Unveiling Fails to Lift Broader Market

U.S. stocks closed lower on Friday, May 29, 2026, as a rally in Nvidia Corp. (NVDA) shares following its new AI superchip announcement failed to offset losses across other sectors. The S&P 500 slipped 0.3% and the Nasdaq Composite edged down 0.1%, while the Dow Jones Industrial Average lost 120 points. Nvidia’s stock rose 2.1% after the company unveiled its Blackwell Ultra platform, designed to power next-generation AI workloads. However, energy and industrial shares weighed on the broader market, with the S&P 500 energy sector dropping 1.4% as crude oil prices declined. Analysts noted that while AI-related demand remains strong, lingering concerns over persistent inflation and the Federal Reserve’s interest-rate trajectory kept investors in a cautious posture. The market now looks ahead to the May employment report, due on June 5, for further clues on the economy’s health.