NEW YORK (AP) — Wall Street is losing ground on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology.

The S&P 500 slipped 0.7% and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average was down 70 points, or 0.2%, as of 2:23 p.m. Eastern time, and the Nasdaq composite was down 1.4%.

The heaviest weight on the market was Nvidia, whose chips are powering much of the move into AI. It sank 3%.

Another AI darling, Palantir Technologies, dropped 9.2% for the largest loss in the S&P 500. It has seen bets build up sharply among investors this year that its stock price will drop, according to S3 Partners. Only Meta Platforms has seen a bigger increase i

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