Correct indices in bullets, no changes to text

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WALL STREET RALLIES AS ATTENTION TURNS TO NVIDIA RESULTS

Wall Street ended higher, with chip stocks surging ahead of Nvidia's quarterly results after the bell as investors focus on AI rally and heady valuations.

Nvidia NVDA.O rose 1.3% as traders turned to a quarterly report seen as key in a market driven to record highs in recent months by optimism about AI technology.

The PHLX chip index .SOX jumped 4.5%, adding to gains in recent weeks related to heavy demand for memory chips, central processors, networking gear and other components as hyperscalers race to build AI data centers.

Micron Technology MU.O jumped 4.8% and Broadcom AVGO.O climbed 1.6%.

Also supporting stocks, the benchmark 10-year Treasury yield eased to about 4.58%. It had risen for three straight days and touched a 16-month high due to worries that inflation from high oil prices could force the Federal Reserve to raise interest rates.

With Wednesday's gain, the S&P 500 is down about 1% from its record high close on May 14, and it is up almost 9% in 2026.

Here is your final snapshot:

(Noel Randewich)

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EARLIER ON LIVE MARKETS:

MUTUAL FUNDS MOSTLY AVOIDED BIG BANKS IN FIRST-QUARTER CLICK HERE

T1 ENERGY SOARS AS SOLAR COMPANY ATTRACTS ATTENTION FROM AI INVESTORS CLICK HERE

FIRST QUARTER EARNINGS SEASON ON TRACK TO BE STRONGEST IN FIVE YEARS, BOFA SAYS CLICK HERE

POTENTIAL HOME BUYERS HAVE NO BID FOR JUMP IN BORROWING COSTS CLICK HERE

U.S. STOCK INDEX FUTURES EDGE HIGHER AHEAD OF NVIDIA EARNINGS CLICK HERE

PRESSURE'S OFF? CLICK HERE

TWO HOPEFULS VIE FOR DAX 40 PRESTIGE CLICK HERE

EUROPEAN STOCKS FLAT, SEMIS RISE AHEAD OF NVIDIA RESULTS CLICK HERE

EUROPE BEFORE THE BELL: INFLATION WORRIES PERSIST, NVIDIA LOOMS CLICK HERE

AS STOCKS SLUMP, CUE NVIDIA CLICK HERE