Wall Street Rises: Nvidia Soars on Meta AI Data Center Deal, S&P 500 Nears All-Time High

• US stocks climbed Wednesday, with the S&P 500 advancing 0.6% and the Dow Jones Industrial Average rising 0.5%.
• Nvidia gained 2.2% following Meta Platforms' announcement of a long-term partnership to build AI data centers using Nvidia chips.
• The deal highlights the significant market potential of AI development, despite investor concerns about the scale of AI infrastructure spending.
• Strong profit reports from companies like Cadence Design Systems (up 7.2%) and Analog Devices (up 2.1%) boosted stocks.
• Moderna jumped 6.9% after the FDA agreed to review its flu vaccine candidate, while Palo Alto Networks dropped 8.7% on weak forecasts.