New York:The New York stock market closed with gains as investor concerns over excessive spending on artificial intelligence (AI) began to ease. The Dow Jones Industrial Average rose by 254.60 points, equivalent to 0.49%, reaching 52,486.49. Meanwhile, the S&P 500 saw an increase of 1.31%, or 98.45 points, closing at 7,619.38, and the Nasdaq Composite climbed by 1.6%, or 400.31 points, to finish at 25,466.19. Additionally, the Volatility Index (VIX), commonly known as the market's "fear index," fell by 9.66% to 17.58.

According to Anadolu Agency – English, Nvidia shares, which had faced pressure due to reports concerning CEO Jensen Huang being a target of foreign intelligence activities, rose approximately 3% on Wednesday. This recovery in Nvidia's stock positively impacted other chipmakers as well. As a result, shares of Marvell Technology increased by 9.3%, Micron Technology rose by 11.9%, Broadcom saw a 4% increase, and AMD gained 7.3%.

In Europe, stock markets also closed higher, with the pan-European Stoxx Europe 600 index rising by 0.72% to 663.05 points. The FTSE 100 in Britain rose by 0.78% to 10,835.47, Germany's DAX 40 increased by 1.2% to 26,662.77, and France's CAC 40 gained 0.66% to 8,332.87. Italy's FTSE MIB went up by 0.37%, closing at 51,946.54, while Spain's IBEX 35 increased by 0.46% to close at 20,027.90.