Wall Street Rallies as Tech Leads; Nvidia Boosts Sentiment

Wall Street ended higher on Wednesday, extending its tech-led rally and hitting two-week highs, as worries about artificial intelligence disruption and costs took a back seat to renewed optimism over the nascent technology’s potential benefits.

NVIDIA reported Q4 revenue of $68.13 billion, beating forecasts, and guided to $78 billion for the current quarter, versus analyst expectations of $72.6 billion. It gained 4% in after hours market.

All three major U.S. stock indexes advanced, with the Nasdaq, powered by chips, posting the largest percentage gain as markets near the end of a tumultuous month marked by concerns about massive investment in AI infrastructure and the extent to which it could disrupt myriad industries.

U.S. technology stocks rose 1.8% following Anthropic’s announcement of new business integrations for its Claude AI tool, easing concerns that AI could disrupt software vendors. Software stocks, including Salesforce, ServiceNow, and DocuSign, rallied as investors regained confidence in the sector’s AI resilience.

The U.S. dollar index, edged down to 97.5 amid uncertainty over how U.S. President Donald Trump would respond to the Supreme Court’s February 20 ruling that struck down his emergency tariffs.

South Korea’s central bank kept policy interest rates unchanged on Thursday, as widely expected, as a chip export boom and steady inflation give policymakers more time to assess risks to financial stability and tariffs.

Markets in Taiwan, South Korea, Brazil, and Japan’s Nikkei all reached new peaks, driven by relaxed financial conditions and a softer dollar.

Asian stocks advanced in the morning today, after upbeat earnings from Nvidia soothed concerns over AI-driven disruption and rising costs.

The Nifty staged a modest pullback, rising 57 points to close at 25,782 yesterday. The ongoing volatility leaves the Nifty range bound in the short term between 25300 and 25700, with a decisive break in either direction likely to trigger the next meaningful move.

Source: HSL Prime Daily, 26 Feb 2026