NASDAQ gains ground as traders continue to buy tech stocks after the recent sell-off. NVIDIA, which has suffered a historic sell-off in yesterday’s trading session, is up by 7.2%. NASDAQ is moving towards the 50 MA at 21,496. If NASDAQ manages to settle above the 50 MA, it will head towards the resistance at 21,550 – 21,600.

The Dow Jones Industrial Average and the other major indexes held hearty gains in the final hours of trading Tuesday, as select artificial intelligence and related stocks tried to recoup some of Monday's steep losses.

Stock markets are slowly beginning to bounce back from Monday's AI stock-driven selloff, as investors recover from their shock over the "Sputnik moment," the discovery that China has an AI startup that can build large language models much,