Meta is undoubtedly a great pick, but Nvidia still has a lot of room to run. It also happens to be a favorite of many of Wall Street's billionaires, appearing at the top of several funds. Both of these stocks will likely continue to lead the AI industry and outperform the broader market.

Wall Street's main indexes closed largely unchanged on Thursday, amid light trading the day after the Christmas break, as rising U.S. Treasury yields weighed on some of the dominant technology megacaps.

Stocks wavered in a quiet post-holiday session as mixed jobless claims data did little to alter bets on the Federal Reserve outlook.Most Read from BloombergHo Chi Minh City Opens First Metro Line After Years of DelayEquities struggled to gain traction after a rally that sent the S&P 500 to its best Christmas Eve performance since 1974,

Following a robust Christmas Eve performance, the stock market experienced a subdued session on Thursday, as mixed jobless claims data provided little impetus for significant moves. The S&P 500, while managing to claw back some of its earlier losses,

Wall Street's main indexes all ended higher on Monday, with both the Dow Jones Industrial Average and the Nasdaq Composite making it three straight wins, aided by gains by many of the so-called Magnificent Seven tech stocks on a holiday-thinned trading day.

U.S. stocks on Thursday overcame a lower open to turn positive, though momentum remained weak as Wall Street's attempt to continue a Santa Claus rally came under pressure, after the best Christmas Eve session since 1974.

Yields on government bonds inched higher across the board, with the yield on the benchmark 10-year note hitting its highest since early May at 4.64%. Among megacap stocks, Amazon.com slipped 0.3%, while Meta Platforms shed 0.

The Dow Jones Industrial Average closed fractionally higher on Thursday, stretching its winning streak to five sessions despite light trading volumes and rising U.S. Treasury yields weighing on some of the dominant technology megacaps.