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.

U.S. stocks could open on a positive note on Wednesday, continuing to rally after Donald Trump's inauguration as the 47th President of the U.S. on Monday. Futures point to a second consecutive day of positive start to the Trump presidency.

The S&P 500 advanced 0.6% on Wednesday, Jan. 22, 2025, following the announcement of major AI investments and a string of positive earnings releases.

Investor appetite for tech names was also whetted by President Trump's unveiling of a new $500 billion private-sector AI infrastructure investment plan backed by groups like software firm Oracle (NYSE: ORCL ), ChatGPT-maker OpenAI, and Japanese conglomerate SoftBank (TYO: 9984) -- although questions swirled around funding for the project.

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,