Tech Stocks Soar as AI Jitters Fade, Economic Data Boosts Wall Street

• US equities surged Wednesday, driven by strong economic data and positive developments in major tech companies.
• S&P 500 advanced 0.8% and Nasdaq 100 rallied 1.3%, with investors buying undervalued stocks after AI-driven volatility.
• US industrial production and business equipment orders rose, and residential construction hit a five-month high.
• Meta Platforms Inc. will deploy millions of Nvidia Corp. processors; Apple Inc. accelerates AI-powered wearable development.
• Analysts note a mix of resilient semiconductors and oversold software driving the rebound, with AI winners and losers a key 2026 theme.