US Stocks Extend Gains
2026-02-18 17:04
By
Andre Joaquim
1 min. read
US stock indices extended their gains on Wednesday, trimming the losses from the previous week as markets reconsidered the impact of AI disruption on the tech sector.
The Nasdaq 100 jumped 1.2%, while the S&P 500 added 0.8% and the Dow gained 250 points.
Investors had shown signs of skepticism on whether the surge in AI infrastructure expenditure would result in higher revenues, raising volatility in the sector's largest players.
Nvidia gained nearly 3% to extend last session's respite after Meta stated it would use millions of Nvidia's chips in its new data center.
In turn, Amazon and Micron gained 2.5% and 7%, respectively, after major asset managers announced higher positions in the companies.
On the other hand, AMD inched down, while Palo Alto Networks tanked up to 10% after releasing earnings forecasts that were below expectations.
The outlook of incoming rate cuts by the Federal Reserve this year also aided stocks ahead of the release of meeting minutes later today.