The US stock market returned to a steady trend on Wednesday as investors braced for Nvidia's earnings report this week.
The report is expected to provide fresh signals on the resilience of demand for artificial intelligence (AI).
In terms of major index performance, the Dow Jones rose 0.76%, the S&P 500 jumped 0.77% and the Nasdaq Composite gained 1.04%.
Wall Street recovered from a massive sell-off on Monday as continued concerns about AI technology's potential impact on various industries eased.
Meanwhile, AMD shares surged 8.8% after Meta announced a deal to deploy 6 gigawatts of AMD graphics processing units across its AI-focused data center.
Meanwhile, Salesforce and IBM shares rose 4.1% and 2.7% respectively after analysts dismissed doubts about the resilience of the companies' legacy service models.
DocuSign shares rose 2.9% on news of the integration of Claude Cowork from Anthropic, reinforcing confidence that AI is enhancing existing enterprise tools.
