<span>STORY: Wall Street ended higher on Wednesday, with the Dow adding about a quarter of a percent, the S&P 500</span><span>gaining more than half a percent and the Nasdaq climbing over three-quarters of a percent.</span><span>:: Nvidia</span><span>Nvidia rose more than 1.5% after the world’s most valuable company said it had signed a multi-year deal to sell millions of its current and future AI chips to Meta Platforms.</span><span>Shares of other tech hardware companies also rose, including SanDisk, Western Digital and Seagate Technology Holdings.</span><span>Software makers also showed signs of recovery, with the S&P 500 software and services sector gaining more than 1% after a steep selloff in recent weeks due to fears of massive AI disruption in the sector.</span><span>Robert Conzo is CEO and managing director of The Wealth Alliance.</span><span>“When you look at what happened today, the interesting thing about the technology sector as a whole going up, meaning software and hardware, very different than what you’ve seen year to date. Year-to-date, you’ve seen software companies get hammered down 24%, the IGV index (iShares Expanded Tech-Software Sector ETF), versus hardware index, let’s say XLK ETF (State Street Technology Select Sector SPDR ETF), down only 3%. There you’re seeing both go radically. That could be, hey, people just want to get in on the action. There’s some speak about many different things. And there’s a little bit of press going on about the big capex spending that has been happening in the industry in general. So, interesting day from that perspective.”</span><span>::Doordash</span><span>Among other movers, shares of DoorDash, up nearly 7% at the close, whiplashed in extended trading to ultimately gain more than 10%. </span><span>The food delivery service forecast first-quarter adjusted profit below Wall Street estimates, but said it expects the total value of orders placed through its platform to be roughly $31 billion, beating Wall Street estimates.</span><span>On the flip side, shares of Carvana, up 3% at the close, plummeted as much as 24% in extended trading despite reporting higher fourth-quarter profit and revenue on strong demand for preowned vehicles. </span><span>Shares more than doubled in 2025 and the company entered the S&P 500, in a remarkable year for the online retailer known for its iconic car vending machines for used vehicles.</span>
