STOCKS | U.S. Stock Market Opens Lower Amid AI and Quantum Computing Developments

The U.S. stock market opened with declines as the Dow Jones Industrial Average fell by 0.27%, the S&P 500 index dropped 0.39%, and the Nasdaq Composite decreased by 0.5%. According to Jin10, Microsoft shares rose 1.1% following reports that Anthropic is in discussions to utilize its artificial intelligence chips. American Rare Earths saw a 2.7% increase after being selected for a U.S. Department of Energy pilot project on rare earth processing. IBM's stock climbed 3% as the company secured $1 billion in U.S. government funding to advance quantum computing. Meanwhile, NIO experienced a 5% rise in its stock price, with first-quarter revenue increasing by 112.2% year-on-year.