Wednesday's market has seen notable fluctuations across various stocks, influenced by a mix of company news and market dynamics. Mega-cap stocks like Netflix, Inc. (NASDAQ:NFLX) and Oracle Corp (NYSE:ORCL) are experiencing significant movements,
U.S. equities gained at midday Wednesday on an artificial intelligence initiative announced by the White House and strong earnings reports.
Tech stocks enjoyed a surge Wednesday, driven by a sharp rise in semiconductor shares after President Donald Trump, OpenAI's Sam Altman, Oracle Corp. (NYSE:ORCL) co-founder Larry Ellison, and SoftBank CEO Masayoshi Son unveiled the Stargate Project on Tuesday.
Also, Oracle is up more than +6%, adding to Tuesday's +6% jump, as the company teams up with Softbank Group and Open AI to form a $100 billion joint venture to fund artificial intelligence infrastructure.
The Dow Jones Industrial Average rose 111.36 points, or 0.25%, to 44,136.46, the S&P 500 gained 40.88 points, or 0.68%, to 6,090.12 and the Nasdaq Composite gained 252.60 points, or 1.28%, to 20,009.69.
Live Updates Make sure to refresh this page periodically for updates. Earnings to Watch Today 9:37 am Here are some earnings to watch this morning. We’ll provide updates on other market movers as the day progresses.
The stock was also trending after Trump reportedly said at event on Tuesday that he would be open to Oracle chairman Larry Ellison or Tesla ( TSLA) CEO Elon Musk purchasing social media app TikTok, as part of a joint venture with the US government.
A number of Big Tech stocks are jumping Wednesday morning after President Trump announced a new AI infrastructure project called Stargate. It has sent the Nasdaq Composite (^IXIC) higher in early trading.
Investing.com -- Wedbush Securities raised its price target for Palantir Technologies (NASDAQ: PLTR) to $90 per share in a note Thursday, representing a new Street high. The firm maintained an Outperform rating on the stock.
AI-driven optimism continues to fuel gains in tech-heavy indices despite lingering trade uncertainties. Traders remain focused on key earnings and Trump’s policy announcements, with the Nasdaq nearing record highs. Technical signals suggest potential buying opportunities in the Nasdaq, as key support levels hold firm.
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Market participants were in full risk-on mode Wednesday as an AI-fueled rally in big tech stocks and a batch of upbeat corporate earnings sent stocks to fresh highs. Tech stocks dominated the list of biggest gainers after President Trump unveiled The Stargate Project,