Tech and AI Stocks Drive Market Gains Amid Surging Demand

U.S. equities rallied Wednesday as enthusiasm for artificial intelligence stocks propelled the tech sector forward. Nvidia's CEO Jensen Huang highlighted a "substantial" increase in AI demand this year, fueling gains for the chipmaker. Advanced Micro Devices extended its recent rally following a landmark deal with OpenAI, while Dell Technologies surged on raised guidance tied to AI server growth.

The AI boom is creating clear winners across hardware and infrastructure providers. AST SpaceMobile soared to record highs after announcing a Verizon partnership for space-based broadband, demonstrating how adjacent technologies benefit from the AI ecosystem. Meanwhile, Fair Isaac tumbled after Equifax undercut its pricing model—a reminder that not all tech plays participate equally in the rally.