U.S. stock indexes rose Wednesday as technology shares rebounded after an AI-driven selloff, while investors awaited minutes from the Federal Reserve’s latest policy meeting.

The S&P 500 software and services sector climbed 1.4%, led by a 9.5% gain in Cadence Design Systems, though Palo Alto Networks fell 6.3% after lowering its profit forecast.

Megacap tech companies also advanced, with Nvidia up 2.6% following a multi-year AI chip deal with Meta, Amazon rising 2.3%, and Alphabet and Microsoft each gaining about 1%.

Broader market gains were led by information technology and consumer discretionary sectors, while real estate and utilities lagged, Reuters has reported.

Investors are closely watching AI developments, Fed rate signals, and upcoming economic data, including personal consumption expenditures, to gauge growth and inflation trends.