CNBC
Apple's iPhone Duo in short supply -- plus, the 2 stocks fueling an AI rebound
xCruzo Brief
U.S. stocks rallied for a third straight winning session Wednesday, with the AI infrastructure trade rebounding as technology and industrial names tied to data-center buildouts gained. Investors pointed to SpaceX’s latest earnings comments: CEO Elon Musk said power, cooling and electrical equipment are the limiting factors for adding more gigawatts of compute, a tone that lifted sentiment for companies such as GE Vernova, Eaton and Vertiv. Super Micro Computer also preannounced stronger-than-expected quarterly revenue. Cybersecurity stocks rose as fears grow that AI tools make software vulnerabilities easier to find. The S&P 500 and Nasdaq were on track for continued gains.
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