Wall Street’s wagers on artificial intelligence regained traction, with stocks rising in late hours as solid tech results bolstered confidence in the trade that has powered the bull market.

An exchange-traded fund tracking the S&P 500 rose after the close of regular trading. Tesla Inc.’s profit beat estimates, potentially assuaging concerns about increased investments into new areas such as AI. Meta Platforms Inc. boosted its capital spending outlook and announced plans to create a new class of nonvoting stock, part of efforts to escalate its bet on the revolutionary technology.