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NEW YORK — Wall Street barreled to records Wednesday as its frenzy around artificial-intelligence technology keeps sending stocks higher. The rally sent the total market value of Nvidia, which has become the poster child of the AI boom, above $3 trillion for the first time. The S&P 500 climbed 1.2%
Some fatter-than-expected profit reports from tech companies helped drive the market.
Shares of Nvidia NVDA.O rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple AAPL.O to become the world's second most valuable company.
Dow Jones futures: The S&P 500 and Nasdaq ran to highs with many stocks in buy areas. Nvidia topped a $3 trillion valuation, above Apple's.
Chip maker's stock rose 5.2 per cent to end the day with a valuation of $3.012 trillion