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Wall Street barreled to all-time highs as its frenzy around artificial-intelligence technology keeps sending stocks higher. The S&P 500 jumped 1.2% Wednesday to beat its record set two weeks ago.

(Sharecast News) - US stocks rose strongly on Wednesday with the S&P 500 and Nasdaq both finishing at new record highs on the back a big surge in the share price of chipmaker Nvidia, which topped a new market cap $3 trillion.

Stocks moved sharply higher over the course of the trading day on Wednesday, adding to the modest gains posted in the previous session. With the rally on the day, the Nasdaq and the S&P 500 reached new record closing highs.

Wall Street barreled to all-time highs as its frenzy around artificial-intelligence technology keeps sending stocks higher. The S&P 500 jumped 1.2% Wednesday to beat its record set two weeks ago.

Nvidia's stock rose 5.2% to end the day at $1,224.40, valuing the company at $3.012 trillion.

Apple had a great day in the stock market on Wednesday, but Nvidia had an even better one. And it's all about AI.

Asian stocks are higher after Wall Street barreled to new records as the frenzy around artificial-intelligence technology kept sending stocks higher. U.S. futures and oil prices rose. On Wednesday, the

The S&P 500 hit a new record closing high during Wednesday's trading session

Wall Street barreled to all-time highs as its frenzy around artificial-intelligence technology keeps sending stocks higher. The S&P 500 jumped 1.2% Wednesday to beat its record set two weeks ago.

CNBC's Jim Cramer on Wednesday told investors why Nvidia is sometimes able to boost other stocks when it soars.