On Wednesday, stock prices increased for the second consecutive day as investors chose to overlook earlier trade concerns that had negatively impacted the market.
Despite this overall upward trend, some major technology companies, including Alphabet and AMD, experienced significant declines after their recent earnings reports.
The Dow Jones Industrial Average, which consists of 30 large companies, rose by 317.24 points, or 0.71%, finishing at 44,873.28. This increase was largely driven by a strong performance from Nvidia. The S&P 500 index, which includes 500 of the largest companies, also saw a rise of 0.39%, closing at 6,061.48. The Nasdaq Composite, known for its focus on technology stocks, added 0.19%, ending the day at 19,692.33.
Nvidia’s stock surged more than 5% after Super Micro Computer announced that it had begun full production of its AI data center powered by Nvidia’s Blackwell platform. As a result of this news, Super Micro’s shares increased by approximately 8%.
Source (CNBC)
