Shares of technology companies rose, but not by as much as the broad market, as speculative activity in artificial-intelligence stocks slowed somewhat.

Nvidia shares tested all-time highs, as the AI-enabling graphics-chip maker threatened to surpass Microsoft and Apple to become the world's most valuable company.

Rising by roughly 1% Tuesday, Nvidia was sporting a market value of roughly $2.85 trillion while its rivals are worth around $3 trillion apiece.

Other AI plays, including Nvidia rival Advanced Micro Devices, were on the retreat, however.

Intel, long the largest U.S. chip maker by revenue, unveiled new technical details about the AI PC chip code named Lunar Lake at a trade show in Taiwan.

Japanese industrial and tech giant Hitachi and Microsoft unveiled a multibillion-dollar collaboration to accelerate the adoption of generative artificial intelligence, the latest in a series of partnerships and investments the two companies are undertaking.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

06-04-24 1705ET