Stocks Climb Late as Nvidia Rekindles AI Wagers: Markets Wrap

Stocks climbed in late hours on speculation that Nvidia Corp.’s strong outlook will help reignite confidence in the artificial-intelligence trade that has powered the bull market.

A $700 billion ETF tracking the S&P 500 rose after the close of regular trading. The giant chipmaker that’s seen as a barometer for the revolutionary technology said fiscal first-quarter sales will be about $78 billion, beating the average estimate of $72.8 billion. Its shares gained about 1.5%.