Major United States benchmark averages advanced on Wednesday (Thursday AEDT), as investors brushed off trade tensions that had weighed on the market earlier in the week.
The Dow Jones Industrial Average climbed 0.7% to 44,873.3, the S&P 500 edged up 0.4% to 6,061.5, while the Nasdaq Composite gained slipped 0.2% to 19,682.8.
Nvidia surged 5.4% after Super Micro Computer announced full production availability of its AI data centre, featuring Nvidia’s Blackwell platform.
Super Micro shares also climbed 8% following the announcement.
Meanwhile, Amgen rallied 6.5% after reporting stronger-than-expected fourth-quarter earnings and revenue.
Earlier in the week, major indices stumbled following the U.S. government’s announcement of a 10% tariff on Chinese imports.
However, markets rebounded later on Monday and continued their recovery into Tuesday, despite China’s retaliatory tariffs of up to 15% on U.S. goods.
Alphabet tumbled 8% after the Google parent reported disappointing cloud revenue, raising concerns that higher AI-related expenditures may delay profitability.
Similarly, AMD fell 7% as its fourth-quarter data centre revenue missed expectations, weighing on investor confidence.
Elsewhere in the tech sector, Apple declined nearly 1% following reports that Chinese regulators were considering a formal investigation into the company’s App Store fees and policies.
On the bond markets, 10-year and 2-year rates were down 1.9% and 0.6% to 4.428% and 4.191%, respectively.
