- Nvidia rose 2.2% ahead of its earnings report Wednesday, helping lead Wall Street higher after its prior-session decline weighed most heavily on the S&P 500.
- Asian markets mostly advanced as continued AI enthusiasm supported regional equities and falling oil prices improved sentiment in oil-importing Japan.
- Benchmark U.S. crude fell to $80.83 per barrel and Brent dropped to $86.98 as talks continued over ship traffic through the Strait of Hormuz amid the Iran conflict.
Quotes
“There's a lot of fear about AI. Those fears are based on the financing side, meaning that there is so much money that needs to be raised. What it's underrating, in my opinion, is the fact that this technology is so incredible.”