Shares of technology companies rallied as traders sought out risk in light of muted inflation data.

Meta Platforms rallied as Chief Executive Mark Zuckerberg continued to court President-elect Donald Trump.

Quantum computing firms surged after Nvidia said it would add a "Quantum Day" event to its GTC conference in March.

The acknowledgment at an event known as "AI Woodstock" was a sign that the quantum technology was having a moment in the sun, analysts said.

Shares of D-Wave Quantum jumped by almost one quarter. The Biden administration tightened oversight on chip makers that ship advanced semiconductors to China, requiring them to seek licenses for transactions unless the chips' performance falls below a technical threshold.

The restrictions apply to non-U.S. companies like Taiwan Semiconductor Manufacturing Co. because they use American technology when they make chips.


Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

01-15-25 1730ET