US Market Gains $1.3 Trillion as Nasdaq 100 Jumps 3% on Renewed AI Confidence

The U.S. stock market gained $1.3 trillion as the Nasdaq 100 jumped 3% on renewed AI confidence. The S&P 500 rose 1.6% and the Dow Jones Industrial Average rose 0.38% on Wednesday. Nvidia shed about 18% of its market value over the last two weeks amid an internal board review involving its CEO.