{"id":102761,"date":"2026-02-25T21:38:55","date_gmt":"2026-02-26T00:38:55","guid":{"rendered":"https:\/\/tech.einnews.com\/article\/895608164"},"modified":"2026-02-25T21:38:55","modified_gmt":"2026-02-26T00:38:55","slug":"usa-stocks-wall-street-extends-tech-powered-rally-as-ai-worries-abate-nvidia-reports","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/25\/usa-stocks-wall-street-extends-tech-powered-rally-as-ai-worries-abate-nvidia-reports\/","title":{"rendered":"US\u00c2\u00a0stocks: Wall Street extends tech-powered rally as AI worries abate; Nvidia reports"},"content":{"rendered":"
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Published Thu, Feb 26, 2026 \u00b7 05:50 AM<\/span><\/p>\n<\/div>\n

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[NEW YORK] Wall Street ended higher on Wednesday, extending its tech-led rally and touching two-week highs as worries over artificial intelligence disruption and costs took a back seat to renewed optimism over the nascent technology\u2019s potential benefits.<\/p>\n

All three major US stock indexes advanced, with the Nasdaq, powered by chips, enjoying the largest percentage gain as markets near the end of a tumultuous month that was marked by concerns over massive investment in AI infrastructure and the extent to which it could disrupt myriad industries.<\/p>\n

Nvidia, at the forefront of the AI revolution, reported fourth-quarter revenue of US$68.13 billion, beating analyst estimates. Its shares were up about 3 per cent in extended trading.<\/p>\n

The Philadelphia SE Semiconductor index gained 1.6 per cent ahead of Nvidia\u2019s earnings.<\/p>\n

The S&P Software & Services index, bouncing back from its 23 per cent year-to-date slump, was a clear outperformer, jumping 2.9 per cent.<\/p>\n

\u201cWe\u2019re in the middle of a push-pull here between some negative sentiment and some extreme price action in parts of the market,\u201d said Zach Hill, head of portfolio management at Horizon Investments in Charlotte, North Carolina.<\/p>\n

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\u201cI think the (AI) disruption concerns are more acute right now than worries over return on investment,\u201d Hill added. \u201cInvestors are trying to grapple with what could potentially be existential risk, and that\u2019s a bigger deal than not receiving as much payout as you would like.\u201d <\/p>\n

Richmond Fed President Tom Barkin chimed in on the issue, saying it is not clear that the AI rollout will displace workers, adding the technology could enable workers and help the job market become more efficient.<\/p>\n

The Dow Jones Industrial Average rose 307.65 points, or 0.63 per cent, to 49,482.15, the S&P 500 gained 56.06 points, or 0.81 per cent, to 6,946.13 and the Nasdaq Composite gained 288.40 points, or 1.26 per cent, to 23,152.08.<\/p>\n

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Among the 11 major sectors in the S&P 500, tech stocks led the percentage gainers, while industrials suffered the steepest loss. Axon Enterprise jumped 17.6 per cent after the Taser-maker beat fourth-quarter profit estimates. <\/p>\n

Both First Solar and Lowe\u2019s Companies provided weaker-than-expected annual sales guidance, sending their shares down 13.6 per cent and 5.6 per cent, respectively.<\/p>\n

After Lowe\u2019s disappointing report, housing and homebuilders were clear underperformers, down 3 per cent and 3.7 per cent respectively, despite the 30-year fixed mortgage contract rate dipping to a 3-1\/2-year low last week, according to the Mortgage Bankers Association. <\/p>\n

On the staples side, alcohol producers with Brown-Forman off 7.6 per cent and Molson Coors down 4.8 per cent, after London-listed Johnnie Walker and Guinness maker Diageo projected a 2 per cent to 3 per cent organic sales decline in 2026 and cut its interim dividend in half. <\/p>\n

GoDaddy tumbled 14.3 per cent after the internet services provider forecast annual revenue below Wall Street expectations.<\/p>\n

Considering recent volatility in software stocks, results from Salesforce, Intuit and Snowflake will likely be subject to added scrutiny.<\/p>\n

Advancing issues outnumbered decliners by a 1.78-to-1 ratio on the NYSE. There were 635 new highs and 98 new lows on the NYSE.<\/p>\n

On the Nasdaq, 3,148 stocks rose and 1,557 fell as advancing issues outnumbered decliners by a 2.02-to-1 ratio.<\/p>\n

The S&P 500 posted 50 new 52-week highs and nine new lows, while the Nasdaq Composite recorded 127 new highs and 94 new lows.<\/p>\n

Volume on US exchanges was 17.50 billion shares, compared with the 20.27 billion average for the full session over the last 20 trading days. REUTERS<\/p>\n

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<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… on Wednesday, extending its tech<\/span>-led rally and touching two … renewed optimism over the nascent technology<\/span>\u00e2\u0080\u0099s potential benefits. All … displace workers, adding the technology<\/span> could enable workers and help … S&P 500, tech<\/span>\u00c2\u00a0stocks\u00c2\u00a0led the percentage gainers …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-102761","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/102761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=102761"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/102761\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=102761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=102761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=102761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}