US Stocks Rise as Strong AI Earnings Lift Tech Shares
US stocks traded mostly higher on Wednesday, supported by upbeat results from SpaceX and Super Micro Computer that revived optimism around AI demand. The S&P 500 rose 0.3%, the Nasdaq 100 gained 0.6%, and the Dow Jones added 180 points. SpaceX climbed 9% after Elon Musk said a merger with Tesla would be “a good idea,” while the space technology company reported its first profit as a public company. Tesla gained 2.5%, while other space stocks like Rocket Lab, Planet Labs and Intuitive Machines rose between 3.9% and 6.5%. Super Micro surged 14% after issuing a stronger-than-expected quarterly outlook, lifting HPE and Dell by 4.5% and 7.7%, respectively. Most chipmakers also rose, with Nvidia, Intel and AMD leading the gains. Meanwhile, Netflix fell more than 4% after issuing a weaker-than-expected Q4 profit forecast, days after announcing workforce cuts. AT&T dropped 3.5% despite beating earnings estimates, while Elevance Health fell 1.2% after raising its 2026 profit outlook.
US stocks traded mostly higher on Wednesday, supported by upbeat results from SpaceX and Super Micro Computer that revived optimism around AI demand. The S&P 500 rose 0.3%, the Nasdaq 100 gained 0.6%, and the Dow Jones added 180 points. SpaceX climbed 9% after Elon Musk said a merger with Tesla would be “a good idea,” while the space technology company reported its first profit as a public company. Tesla gained 2.5%, while other space stocks like Rocket Lab, Planet Labs and Intuitive Machines rose between 3.9% and 6.5%.
Super Micro surged 14% after issuing a stronger-than-expected quarterly outlook, lifting HPE and Dell by 4.5% and 7.7%, respectively. Most chipmakers also rose, with Nvidia, Intel and AMD leading the gains. Meanwhile, Netflix fell more than 4% after issuing a weaker-than-expected Q4 profit forecast, days after announcing workforce cuts. AT&T dropped 3.5% despite beating earnings estimates, while Elevance Health fell 1.2% after raising its 2026 profit outlook.