Wall Street's main indices enjoyed a buoyant session led by the tech-heavy Nasdaq, which finished up 1.6%. (EPA Images pic)NEW YORK: Stock markets rose Wednesday on renewed optimism over AI following strong results from data centre operator CoreWeave, while the dollar extended a rally on expectations for at least one more Federal Reserve interest rate hike.
Wall Street's main indices enjoyed a buoyant session led by the tech-heavy Nasdaq, which finished up 1.6%.
"The primary catalyst for the upside action is, ironically, one of the primary catalysts for the downside action that had been seen in the AI trade," said Briefing.com analyst Patrick O'Hare.
"That would be CoreWeave, which posted better-than-feared third-quarter results and issued a reassuring outlook that has quieted some of the debt financing concerns surrounding its AI buildout plans," he added.
