AI Stocks Bounce Back: SpaceX Earnings Lift U.S. Markets

U.S. stocks moved higher on Tuesday as shares of artificial intelligence (AI) companies recovered. The rebound followed strong earnings from SpaceX, the space exploration company led by Elon Musk. Investors welcomed the results, which helped restore confidence in AI-related stocks after recent losses. SpaceX, which is privately held, reported earnings that beat expectations, though the company is not publicly traded. The gains lifted major U.S. indexes, with technology shares leading the advance. AI companies, which had fallen in previous sessions, saw some of the strongest recoveries. Market analysts said the positive earnings news encouraged buyers to return to the AI sector. However, they noted that trading remained cautious ahead of upcoming economic data.