// COMPARE

Dow ground out a marginal +0.05% to 50,669, lagging tech-led peers as defensives and rate-sensitives waited for Friday's PCE inflation print before committing.

Dow is the cyclical/value side of the record-high party — without a fresh rotation catalyst, it tracks but doesn't lead. The Iran-deal trade benefits transports and energy unevenly.

PCE inflation Friday — a hot print would hit rate-sensitive Dow components first. 51,000 is the round-number target; support 50,200. Energy weight matters if oil headlines whipsaw.

Nvidia gained 0.78% to $214.25 in a mixed AI-name session. Yahoo Finance ran a 'bubble' segment on the AI trade; Micron's 850% YTD run highlighted memory leverage, not chip-design weakness.

NVDA is the AI capex bet's purest expression — even bubble worries don't dent it until hyperscaler capex forecasts soften. Samsung shipping HBM4E samples reinforces the demand stack.

$220 is the resistance to break for a clean leg higher. PCE Friday + any data-center capex commentary from cloud-provider guides. Support $208; loss opens $200.