Stocks were mostly higher Wednesday, boosted by sharp gains in CoreWeave and a rebound in Nvidia following back-to-back losing sessions for the chipmaker.
The Dow Jones Industrial index rocketed 254.60 points to 52,486.49.
The S&P 500 index grabbed 98.45 points, or 1.3%, to 7,6196.19.
The tech-heavy NASDAQ popped 400.31 points, or 1.6%, to 25,455.19.
Neocloud stock CoreWeave rallied 20% after reporting third-quarter revenue that beat analyst expectations. CoreWeave also lifted operating income and revenue guidance for 2026.
Nvidia, meanwhile, climbed more than 4% after dropping nearly 10% to start the week when CEO Jensen Huang confirmed he had an affair with an alleged Chinese spy.
The pullback in Nvidia weighed on the broader market Tuesday, with the major averages ending the session lower.
Artificial intelligence lab Anthropic on Tuesday said in an updated Securities and Exchange Commission filing that it will offer 825 million shares in an initial public offering planned for next week that could value the five-year-old company at as much as $1.4 trillion.
The U.S. bond market was closed on Wednesday for Veterans Day.
Oil prices beat breakeven 28 cents to $86.32 U.S. a barrel.
Gold prices dulled $37.80 to $3,992.40 U.S. an ounce.
