Nvidia, SpaceX among market cap stock movers on Wednesday
Nvidia was among the standout mega-cap gainers on Wednesday, rising about 3.1% to around $213.63 as the market reacted to a Wall Street Journal report that OpenAI had raised projected cloud spending to $750 billion. The article frames Nvidia as part of a broader market-movers roundup, where AI-related and earnings-driven stock swings dominated trading. Other notable movers included Meta lower by roughly 2.7%, SpaceX down about 4%, and several large-cap names such as Super Micro Computer, Penske Automotive, Wabtec, EQT, and Pegasystems posting sharp moves on company-specific news. The piece suggests investor focus remained on AI demand, tech spending, and earnings/guidance updates, with Nvidia benefiting from the continued narrative around accelerated AI infrastructure investment.