Tech Stocks Extend Record Highs On AI Optimism, Marvell Rockets, Bitcoin Hovers Near $95,000: What's Driving Markets Wednesday?

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Tech Stocks Extend Record Highs On AI Optimism, Marvell Rockets, Bitcoin Hovers Near $95,000: What's Driving Markets Wednesday? - Benzinga

Quick Summary:

The Nasdaq 100 climbed 0.9%, pushing further into record territory following Tuesday’s highs.The S&P 500 advanced 0.4%, hitting 6,077—a fresh record-high milestone—eyeing its twelfth gain in thirteen sessions.Amazon.com Inc.(NASDAQ:AMZN) advanced over 2% by midday, breaking all-time highs previously set in November.

Wall Street extended its rally on Wednesday, driven by robust gains in technology stocks, as investor optimism around AI-fueled growth continued to strengthen.

The e-commerce giant’s gains were bolstered by strong early holiday sales and optimism stemming from the AWS annual conference, where AI advancements took center stage.