US Markets Rebound: Tech Stocks Drive Gains Amid AI Recovery Hopes
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CNBC Awaaz18-02-2026, 23:20

US Markets Rebound: Tech Stocks Drive Gains Amid AI Recovery Hopes

  • US stock markets saw major indices trading higher on Wednesday, supported by a recovery in technology stocks.
  • Dow Jones Industrial Average gained nearly 300 points, S&P 500 rose 0.8%, and Nasdaq Composite surged over 1%.
  • S&P 500's software and services sector climbed 1.4%, with Cadence Design Systems jumping 9.5% on strong results.
  • Nvidia shares increased 2.6% after a multi-year deal with Meta Platforms for AI chips; Amazon, Alphabet, and Microsoft also rose.
  • Experts caution that while AI has immense potential, not every company will succeed, urging careful investor consideration.

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