Stocks mostly rose Wednesday as investors brushed off another tech-fueled sell-off on Wall Street, while precious metals continued their recovery on dip-buying following a two-day collapse .

The market’s resilience came despite renewed concerns about artificial intelligence investments that have kept traders cautious in recent sessions.

Assets across the board have endured a volatile start to February owing to a surge in the dollar, geopolitical tensions and the possibility of another US government shutdown, according to market analysts.

Concerns over artificial intelligence have also kept traders on their toes amid questions over the vast sums invested in the sector and warnings of a bubble that could pop at any time.

The latest market jitters emerged after AI startup Anthropic announced a new tool that could enable companies to automate legal work, raising fresh questions about the pace of AI adoption and its market implications.

Oil prices extended gains following heightened US-Iran tensions after an American military aircraft shot down an Iranian drone in the Middle East. The incident occurred as both nations prepared for critical nuclear negotiations.

Precious metals showed strength as bargain hunters returned after a sharp two-day selloff earlier in the week.

Despite the day’s gains, market volatility is expected to persist as investors weigh AI sector valuations against corporate earnings and evolving geopolitical risks.