Wall Street saw a strong rebound on Wednesday as major indices snapped a two-day losing streak. The S&P 500 gained 0.5% to close at 5,599.30, while the Nasdaq surged 1.2% to 17,648.45. However, the Dow Jones Industrial Average dipped 0.2% to 41,350.93. The rally was fueled by a cooler-than-expected inflation report, which bolstered expectations for monetary easing and led traders to fully price in three Federal Reserve rate cuts in 2025.

Intel shares climbed 4.55% to close at $20.68, after hitting an intraday high of $21.17 and a low of $20.21. The 52-week range for the stock is $18.51 to $45.41. In the after-hours trading the stock soared another nearly 11%. The company’s shares rallied after the announcement of a new CEO, Lip-Bu Tan, a former member of Intel's board of directors. The appointment is effective from March 18.

D-Wave Quantum shares soared 8.18% to close at $5.82, with an intraday high of $6.39 and a low of $5.34. The stock’s 52-week range is $0.75 to $11.41. In the after-hours trading, the shares rose 3.4%. The company, along with SkyWater Technology, announced a notable achievement in quantum computing, which led to a surge in their shares. D-Wave’s Advantage2 quantum computer reportedly surpassed classical supercomputers in simulating magnetic materials, demonstrating quantum supremacy.

Adobe shares increased 1.14% to close at $438.60, after reaching an intraday high of $443.90 and a low of $435.50. The 52-week range for the stock is $403.75 to $587.75. In the after-hours trading the shares declined 4%. The company announced first-quarter financial results that beat consensus estimates on both revenue and earnings per share. Revenue for the period came in at $5.71 billion, beating the estimate of $5.66 billion. Adjusted earnings were reported at $5.08 per share, beating the analyst estimates of $4.97 per share.

Nvidia shares rose 6.43% to close at $115.74, with an intraday high of $116.76 and a low of $112.88. The 52-week range for the stock is $75.61 to $153.13. The company, along with Advanced Micro Devices and Broadcom, has been approached by Taiwan Semiconductor Mfg. Co. Ltd. for a joint venture to operate Intel Corp.’s factories.