Traders work on the floor of the New York Stock Exchange (NYSE) after the opening bell rings on January 7, 2026 in New York.
Timothy A. Clary | AFP | Getty Images
U.S. stocks rose on Wednesday, supported by: Nvidia and oraclebecause the stock price is trying to add on gains from the previous trading day.
of S&P500 Add 0.5%, Nasdaq Composite It increased by 1%. of Dow Jones Industrial Average Increased by 102 points (0.2%).
Nvidia stock rose 1% ahead of the software giant’s earnings report, which is expected to be released after the bell. sales force and snowflakewith an expiration date after the market closes on Wednesday. Nvidia’s report comes at a time when investors are recalibrating their lofty valuations of tech stocks and growing skeptical about hyperscalers’ high AI capital spending.
“Whether such market confidence can be maintained in the coming days will depend, in part, on NVIDIA’s earnings,” Ulrike Hoffman Burchardi, principal chief investment officer for global equities, said in a note. “The market expects the semiconductor maker to forecast strong sales growth and higher-than-consensus forecasts for sales, as hyperscalers have announced further increases in capital spending in recent weeks.”
Fellow artificial intelligence company Oracle jumped 3% after Oppenheimer’s name upgrade, leading the continued rise in software stocks. Oppenheimer sees a “favorable” risk-reward profile following the recent selloff.
The software sector continued to grow from the previous session. iShares Enhanced Technology Software Sector ETF (IGV) It increased by 2%. The fund rose slightly on Wednesday. Palantir Technologies and microsoft I climbed. it’s the same working day The company posted a loss after issuing a weak earnings forecast.
Major stock averages rose on Tuesday as concerns about AI disruption in several industries faded. advanced micro device The overall market rose after Metaplatforms announced a multi-year deal with a semiconductor company.
Software and cybersecurity stocks also rallied in relief in regular trading after Anthropic announced new connectors and plugins for its knowledge worker tool Claude Cowork. This will allow companies to connect AI tools to existing apps such as Google Drive. Claude Cowork has caused a stir in the software industry in recent weeks as investors worried that the tool would disrupt the business of existing software vendors.
Separately, investors are keeping an eye on tensions between the US and Iran this week. Last weekend, President Donald Trump threatened to raise global tariffs to 15%, but the 10% tariffs on global imports went into effect on Tuesday.
The president delivered his State of the Union address Tuesday night, where he spoke about the current state of the economy. He also announced proposals to give workers access to government-backed retirement accounts and renewed his call to ban large institutional investors from buying single-family homes.
