By Pia Singh
Publication Date: 2026-02-24 23:03:00
A trader works on the floor of the New York Stock Exchange (NYSE) after the opening bell in New York on January 7, 2026.
Timothy A. Clary | Afp | Getty Images
U.S. equities rose on Wednesday, supported by Nvidia and Oracle, as stocks look to build on the gains from the prior trading day.
The S&P 500 added 0.5%, and the Nasdaq Composite traded up 1%. The Dow Jones Industrial Average increased 102 points, or 0.2%.
Nvidia was up 1% ahead of its earnings report, which is scheduled to be released after the bell along with results from software giant Salesforce and Snowflake. Nvidia’s report comes at a time when investors are recalibrating lofty tech stock valuations and growing skeptical on hyperscalers’ high AI capital expenditures.
“Whether such market confidence can be sustained in the coming days will partly depend on NVIDIA’s earnings,” wrote Ulrike Hoffmann-Burchardi, head chief investment officer for global equities at UBS, in a note. “With hyperscalers having announced another step-up in capex in recent weeks, markets expect the chipmaker to forecast revenue above consensus estimates alongside strong sales growth.”
Michael Rosen, chief investment officer at Angeles Investment Advisors, cautions that investors shouldn’t bet against CEO Jensen Huang, saying that he’s “played his cards extremely well.” He also views the recent run the stock has had — it’s currently pacing for a fourth consecutive day of gains — as an opportunity for some profit-taking among those on Wall…
