Major U.S. indexes climbed Wednesday, recovering from Tuesday’s slump, fueled by renewed enthusiasm for artificial intelligence stocks. The Dow, S&P 500, and Nasdaq all advanced.Tech Leads the Rally
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Nvidia (NVDA) gained after CEO Jensen Huang told CNBC that AI demand is up “substantially” this year, with expectations for continued growth.
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AMD (Advanced Micro Devices) extended its rally following a major OpenAI partnership, making it one of the day’s strongest S&P 500 performers.
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Dell Technologies (DELL) surged after raising its outlook, citing a “massive” growth opportunity in AI infrastructure.
Other Big Movers
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AST SpaceMobile (ASTS) jumped to a record high after announcing a partnership with Verizon (VZ) to provide direct-to-consumer satellite broadband service.
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Fair Isaac (FICO) dropped sharply after Equifax (EFX) slashed prices in response to competition, while Equifax shares rose.
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DaVita (DVA) slipped as Barclays cut its price target due to a recent cyberattack that disrupted operations.