Despite the recent pullback in artificial intelligence stocks, the Bank of America thinks "the AI trade may still have room to run into 2026."

The tech-heavy Nasdaq Composite slipped 1.81%, dragged by losses in Oracle, Broadcom, Nvidia and other AI names.

Despite the recent pullback in artificial intelligence stocks, the Bank of America thinks "the AI trade may still have room to run into 2026."

New entrants like MetaX and Moore Threads join tech giants Huawei, Baidu and Alibaba in rushing to produce Nvidia alternatives.

The FTC sent a civil investigative demand to Instacart, Reuters reported, citing unnamed people.