Dow Hits 50,000 as Nvidia Jumps and Amazon’s $200B AI Capex Plan Whipsaws Markets
The Dow Jones Industrial Average pushed above 50,000 points for the first time on Friday, a milestone for the blue-chip index as stocks snapped back from a week of AI-driven jitters. Nvidia and Caterpillar helped lead the move. The rally landed after three straight sessions of selling that hit big technology names and spilled into crypto. Investors have been weighing whether the artificial intelligence boom is turning into a capital-spending race that pressures profits, at least in the near term.