Tech stocks soared Wednesday morning after a better-than-expected inflation report injected 𒅌the market with a little optimism and extended yesterday’s AI stock rebound. 

Shares of Tesla (TSLA) were up 7% in recent trading, leading the 澳洲幸运5官方开奖结果体彩网:Magnificent Seven stocks higher. AI chip maker Nvidia’s (NVDA) stock jumped 6%, while Meta (META) advanced 3%. Amazon (AMZN) rose about 1%, while Alphabet (GOOG), Microsoft (MSFT), and Apple (AAPL) were marginally higher.

AI stocks were among the market’s best-performing stocks on Wednesday morning. AI favorite Applovin (APP), shares of which rose more than 700% last year and tumbled about 50% in recent weeks, was up about 6%. Palantir (PLTR), the S&P 500’s best-performing stock last year, gained 5%. Nuclear power providers Vistra (VST) and Constellation Energy (CEG), shares of which soared✃ last y๊ear on AI-driven demand for low-carbon electricity, advanced 5% and 3.5%, respectively. 

AI stocks have been hit particularly hard in recent weeks by President Trump’s tariff policies and the economic uncertainty they’ve engendered. The Magnificent Seven 澳洲幸运5官方开奖结果体彩网:entered a technical correction in late February as worries mounted about 澳洲幸运5官方开奖结果体彩网:AI competition from China, overspending on AI infrastructure, and slowing growth at bellwether Nvidia. Since then, the stocks have 澳洲幸运5官方开奖结果体彩网:fallen further amid concerns thꦍat tari𒊎ffs threaten to slow economic growth and accelerate inflation. 

Some analysts have expressed confidence that the fundamentals underlying the AI rally 澳洲幸运5官方开奖结果体彩网:remain intact and that the recent sell-off presents investors with an attractive buying opportunity. Others have 澳洲幸运5官方开奖结果体彩网:urged caution, noting the sell-off had plunged the major indexes below 澳洲幸运5官方开奖结果体彩网:key support thresholds, a possible sign of more pain ahead.