Wall Street opened higher on Wednesday as strong results from SpaceX and Super Micro Computer helped revive investor appetite for AI linked stocks, offering some relief after last week’s selloff over concerns about the profitability of the sector, according to Reuters report.
The Nasdaq led the gains, rising 0.56%, while the S&P 500 advanced 0.23% and the Dow Jones Industrial Average gained 0.17%. Technology and chip stocks drove the rebound, although weakness in Netflix and other communication services shares capped the broader advance.
