Stocks climbed on Tuesday as the software sector rebounded and investors looked ahead at AI chip heavyweight Nvidia (NVDA), which will report earnings on Wednesday.
The Dow Jones Industrial Average (^DJI) rose by nearly 0.8%, while the S&P 500 (^GSPC) added 0.8%. The tech-heavy Nasdaq Composite (^IXIC) gained about 1%.
Share of AMD (AMD) surged after the chipmaker entered a deal to provide Meta (META).
All eyes are on Nvidia’s quarterly results, which could set the tone for AI-related stocks and broader market sentiment.
Investors are also watching President Trump’s State of the Union address tonight for clues on economic and trade policy.
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