Wall Street Rises on Chips' Strength Ahead of Nvidia Results

WALL STREET - NEW YORK. The tech-heavy Nasdaq led gains on Wall Street on Wednesday, lifted by a rebound in chip stocks ahead of Nvidia's quarterly earnings, which investors view as a crucial test of AI demand.

Nvidia, the world's most valuable company and the centerpiece of the global AI boom, rose 0.7%. The company'sresults are expected after the closing bell.