At the close, the broad S&P 500 index had risen 0.2 percent and the tech-heavy Nasdaq composite index had risen 0.5 percent. The Dow Jones industrial average had fallen 0.5 percent.
One piece of news was that technology giant Amazon, the world's fifth most valuable publicly traded company, will supply chips from semiconductor giant Nvidia to Open AI over seven years. According to the news agency Bloomberg, the deal is worth $38 billion. Amazon's stock rose 4 percent.
Nvidia, the most valuable listed company, will in turn deliver around 260,000 of its most advanced chips to South Korea. Nvidia rose 2.2 percent.
In addition, the Financial Times writes that software company Microsoft, the third-highest valued company, has received permission from the government to send the latest Nvidia chips to the United Arab Emirates (UAE) and increase its investments in AI and cloud infrastructure in the country.
Microsoft's stock initially rose but then fell back and closed down 0.2 percent.
Among the depressing news was a purchasing managers' index that showed a larger-than-expected decline in activity in the US manufacturing industry.
One of the big losers today was paper manufacturer Kimberly-Clark, a competitor to Sweden's Essity. The company fell 14.6 percent after a $48.7 billion acquisition of pharmaceutical company Kenvue.
Kenvue, on the other hand, is found at the other end of the scale with an increase of 12.3 percent.
