Meta Platforms (META.O) gains quickly narrowed to 0.85% after earlier rising as much as 2.71%.

NVIDIA CEO Jensen Huang said artificial intelligence is not just a software technology.

Former BOJ executive Eiji Maeda said the Bank of Japan may continue raising rates roughly every three months to prevent inflation from deviating from its price-stability target. He expects the next hike in December and a further move possibly in March or April, saying the current pace—about one hike every three months—is appropriate and broadly consistent with market expectations. Maeda did not rule out consecutive hikes at successive policy meetings if the yen plunged, but judged that scenario unlikely now and warned back-to-back increases would boost market expectations of further tightening and pose significant risks, giving the BOJ reason to avoid consecutive-meeting hikes.