Business · Markets · 3 hrs ago
Wall Street rises as technology shares lift investor confidence
US stocks closed higher on Wednesday, with the Nasdaq gaining more than the Dow and S&P 500.
Investors responded to positive results from SpaceX and Super Micro Computer, an AI server maker, which helped revive interest in technology shares.
Super Micro forecast revenue and profit margins above expectations, while SpaceX reported its first profit as a public company.
The news eased some concerns about whether heavy spending on AI infrastructure will pay off, but it did not settle those questions.
Netflix shares fell after the company gave a weaker-than-expected profit forecast, and AT&T also declined.
Accounts differ on whether Meta and Tesla results were still ahead or had already been reported, but investors were watching those companies for further signals about technology and AI demand.
Wall Street closed higher on Wednesday, led by technology shares.
The Nasdaq rose 1.05%, while the S&P 500 gained 0.58% and the Dow Jones Industrial Average advanced about 0.7%.
Results from SpaceX and Super Micro Computer helped revive investor interest in artificial intelligence-linked stocks.
The gains followed a sharp selloff in AI-linked stocks the previous week, which had raised questions about returns on heavy investment.
Netflix and AT&T shares fell, limiting gains in parts of the market.
- Who
- Investors and traders in US stock markets.
- What
- Wall Street closed higher, led by technology shares, after results from SpaceX and Super Micro Computer lifted sentiment.
- When
- Wednesday, October 21, 2026.
- Where
- Wall Street, New York.
- Why
- Strong results from SpaceX and Super Micro Computer revived interest in AI-linked stocks and eased some concerns about AI spending.
This story does not have two clearly opposing sides.
A sharp selloff in AI-linked stocks raised questions about whether heavy data-centre investment would generate adequate returns.
SpaceX and Super Micro Computer results helped lift technology shares and Wall Street indexes.
- Nasdaq
- Rose 1.05% to 26,701.61, according to the Economic Times.
- S&P 500
- Gained 0.58% to 7,757.74, according to the Economic Times.
- Dow Jones
- Advanced 0.68% to 52,851.78, according to the Economic Times.
- Super Micro Computer
- Shares rose 9.55%, according to CNN Brasil.
- SpaceX
- Reported its first profit as a public company, according to the Economic Times.
5 sources
Wall Street encerra em alta com balanços fortes de tecnologia
New York borsası yükselişle kapandı
Tesla en Meta overtreffen verwachtingen, Wall Street sluit groen
US stocks today: Nasdaq leads Wall Street higher as SpaceX, Super Micro lift AI sentiment
Wall Street: Techwerte profitieren – Wall Street schließt im Plus
What people are saying
pushes back on some of the investor worries
answer all the questions investors have on returns on AI investments, but it's a good start.