Nvidia led the charge in the stock market on Wednesday, but a broader rally was seen across AI-related stocks. The company’s shares advanced before its earnings report arrived, setting the stage for a strong rally in the AI sector. This trend continued with other tech giants like First Solar and CoreWeave following suit.
However, some stocks took a hit, including First Solar, which fell but eventually bounced back from an intraday low. The market’s performance suggests that investors are betting on the growing demand for AI technology, as companies like Nvidia, Snowflake, and Salesforce step into the spotlight.
Meanwhile, AMD stock rose after announcing a partnership with Meta to develop its AI infrastructure. This news has sparked optimism about the future of the tech industry.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-nvidia-earnings-nvda-stock-first-solar