Netflix stock soars after strong subscriber gains, Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership, and Johnson & Johnson falls after mixed guidance.
Wall Street closed higher, with the S&P 500 index scoring an all-time high. Blowout Netflix results and plans for $500b AI investment fuel gains.
Netflix, Oracle and other big technology stocks lifted Wall Street Wednesday as their profits pile higher and excitement builds around the moneymaking prospects of artificial
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Netflix, Oracle and other technology stocks are lifting U.S. indexes as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The S&P 500 rose 0.
Netflix, Oracle and other big technology stocks are lifting Wall Street toward a record on Wednesday as their profits pile higher and excitement builds around the moneymaking
The TSX gained 69.44 points by mid-Wednesday at 25,351.07. The Canadian dollar descended 0.09 cents at 69.64 cents U.S. Among individual stocks, Celestica rose $8.98, or 5.3%, to the top of the index at $178.
President Donald Trump's boost to AI demand hopes is outweighing fresh tariff threats on China and the EU, as earnings season rolls on.
Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.
Netflix shares surged after the company reported a record increase in holiday-quarter subscribers, allowing it to implement price hikes across most service tiers. Oracle also rallied, alongside server maker Dell and U.S.-traded shares of ARM Holdings, the chip technology supplier predominantly owned by SoftBank.
Netflix, Oracle and other tech stocks lifted U.S. indexes as their profits pile higher and excitement builds around AI's moneymaking prospects.
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