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US STOCKS-Wall St rises as chip stocks rally ahead of Nvidia results

Wall Street's main indexes closed more ‌than ​1% higher on Wednesday, bouncing back from a three-day selloff with a boost in sentiment from technology and chip stocks, which rose ahead of Nvidia's quarterly results. Investors will look to the latest report from Nvidia , the leading artificial intelligence chipmaker and the world's most ‌highly valued company, for reassurance that the appetite for spending on AI remains strong enough to support lofty valuations across the technology sector.

Verified ContextSource-linkedAtlasHour DeskUpdated20 May, 08:01 pmAI summary checked for clarity

What happened

Wall Street's main indexes closed more ‌than ​1% higher on Wednesday, bouncing back from a three-day selloff with a boost in sentiment from technology and chip stocks, which rose ahead of Nvidia's quarterly results.

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