Stocks rallied in the afternoon as investor optimism around artificial intelligence fueled market gains. Technology stocks focused on AI, like Nvidia and Broadcom, saw significant jumps, boosting the Nasdaq and S&P 500. The rally was supported by a surprise cooling in the November CPI report, leading to market pricing for additional rate cuts. DigitalOcean’s shares were impacted, trading close to its 52-week high after introducing the Gradient™ AI Agent Development Kit. The stock is up 39.3% since the beginning of the year, presenting a strong investment opportunity. Wall Street interest in Nvidia continues, but an under-the-radar semiconductor supplier is dominating a critical AI component.

Read more at Barchart: DigitalOcean, Veeva Systems, and Teradata Shares Are Soaring, What You Need To Know