US stocks rose further to fresh records on Wednesdays as more deals among major AI companies and datacenter infrastructure extended tech's rally, while minutes from the FOMC confirmed the outlook of more rate cuts this year. The Nasdaq rose over 1% and S&P 500 jumped 0.7%, while the Dow rose a softer 0.3%. AMD rallied 10% on the session to gain over 40% since the start of the week as markets continued to assess the chip-producer’s deal with OpenAI, marking over $1 trillion for the ChatGPT maker in a series of circular deals. Micron jumped 4.5% while Nvidia, Oracle, and Amazon advanced over 2% each. Stocks also held their gains after minutes from the FOMC’s last meeting confirmed that the group sees more rate cuts this year to alleviate a fragile labor market, although policymakers still head to elevated inflation. Meanwhile, Cisco advanced over 2% on the release of a new AI chip for datacenters. Conversely, consumer defensive stocks and banks were lower.