Nasdaq Leads Wall St Higher With Spotlight on Nvidia Results

THE TECH-HEAVY NASDAQ led Wall Street's main indices higher on Wednesday as chip stocks rebounded ahead of Nvidia's results that are crucial to illuminating future demand for AI.

- JOHANN M CHERIAN & SUKRITI GUPTA

At 09:58 a.m. ET, the Dow Jones Industrial Average rose 117.59 points, or 0.27%, to 43,738.75, the S&P 500 gained 31.42 points, or 0.53%, to 5,986.67 and the Nasdaq Composite gained 155.11 points, or 0.82%, to 19,181.49.

Eight of the S&P 500's 11 sectors traded higher, with technology stocks rising 1.2%.

AI chip leader Nvidia gained 3.3%. Its quarterly results and forecasts, expected after markets close, are likely to set the tone for artificial intelligence stocks that have dominated Wall Street.