NEW YORK (AP) — Wall Street is steadying Thursday following jarring drops for stocks worldwide in the artificial-intelligence industry on worries about how much longer the AI frenzy will last.

After initially falling to a loss following its worst day since July, the S&P 500 quickly erased it and added 0.1% to edge closer to its all-time high set last week.

Continued weakness for AI stocks dragged the Nasdaq composite down 0.4%. But most of the rest of the U.S. stock market nevertheless rose, and the Dow Jones Industrial Average was up 463 points, or 0.9%, as of 2:17 p.m. Eastern time.

Markets were much…