The U.S. stock market is rising on Wednesday, led by its most influential stock, Nvidia. The S&P 500 climbed 0.6% and pulled within 1.4% of its all-time high set late last month. The Dow Jones Industrial Average was up 222 points,

Nvidia has expanded its relationship with Meta Platforms in a big way, and that’s weighing on the shares of companies who also want in on major chip business. Through the latest version of the partnership,

The social media giant’s move to renew and expand its relationship with Nvidia comes as the chip group faces increased competition from rivals such as AMD and its own Big Tech customers, including Meta,

Nvidia rose 1.7% ahead of the opening bell. Facebook owner Meta Platforms is expanding its business with the chip designer in a deal likely to be worth tens of billions of dollars. Meta will use millions of Nvidia’s Blackwell and Rubin graphics processing units,

Meta agrees to buy millions more AI chips for Nvidia, raising doubts about its in-house hardware - SiliconANGLE

Meta expands partnership with Nvidia in a deal likely worth tens of billions, for deploying millions of GPUs and new standalone CPUs in AI data centers