Google-Parent Alphabet scored an investment of $75 billion more than expected for this year’s AI buildout, down 7.3% after recording downwards in cloud revenue growth for Downbeat on Tuesday.
Some AI-related stocks showed signs of recovery after shaking last week after the rising popularity of low-cost Chinese artificial intelligence models developed by Startup Deepseek. Nvidia, which registered one of its biggest losses, rose 5.4% on Wednesday. Broadcom also rose 4.3%.
“In the end, even with Deepseek news, there’s no need for AI. They all need to spend more money, and that’s the story of AI. This is a story of a rather long cycle.” Investment strategist in bank asset management.
Meanwhile, the advanced microdevice fell 6.3% after CEO Lisa Su said that data center sales (representing AI revenue) for the current quarter would be down about 7% from the previous quarter.
On the data front, investors are looking ahead to the January farm pay report, which is due to be released on Friday. Activities in the U.S. services sector unexpectedly slowed in January amid cooling demand, helping to curb prices. “There are some concerns that the Fed may need to ease faster, that the economy is slowing, but that is actually positive news for the market.
According to CME’s FedWatch tool, the next Federal Open Market Committee meeting will take place in March, with only 16.5% of traders expecting rate cuts, while the majority of traders expecting cuts in June It’s there.
Richmond Industry President Thomas Birkin said the Fed is leaning towards more interest rate cuts this year, but uncertainty about the impact of new tariffs, immigration, regulations and other initiatives from US President Donald Trump’s administration He said he had flagged it.
The Dow Jones industrial average rose to 317.24 points (0.71%) to 44,873.28, with the S&P 500 earning 23.60 points (0.39%) to 6,061.48, and the NASDAQ Composite earning 38.32 points (0.19%) to 19,692.33 I did.
Eight of the S&P 500 sectors traded higher, real estate led profits, and communication services fell by almost 3%.
Apple’s shares slipped 0.1% after Bloomberg News reported that Chinese anti-trust regulators were prepared for the possibility of investigating iPhone manufacturers.
Uber Technologies fell 7.6% after passengers predicted current quarterly bookings and then below estimates.
Fiserv has increased 7.1% by 7.1% as payment companies beat out their fourth quarter earnings estimates.
The market is also awaiting development on the tariff front after President Trump said on Tuesday he was not in a hurry to talk to Chinese President Xi Jinping to try to ease a new trade war between nations. .
The CBOE Volatility Index, known as the Wall Street Fear Gauge, fell 7.9% to 15.85 on Wednesday.
In Corporate Movers, FMC Corp plunged 33.5% after farmers projected first quarter revenue below estimates.
Johnson Control has lifted its 2025 profit forecast, up 11.3% as the construction solutions company named Joakim Widemanis as CEO.
The advancement issue surpasses the decline at a 2.74-1 ratio on the New York Stock Exchange. The NYSE had a new high of 169 and a new low of 46.
On the NASDAQ, 2,935 shares rose, with 1,422 shares falling at a 2.06-1 ratio.
The volume of the US exchanges was 13.855 billion shares compared to an average of 15.32 billion people over the entire session over the past 20 days.
