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 intelligence. The S&P 500 rose 0.

Gold price sticks to positive bias for the third successive day on Wednesday and trades near its highest level since November 1 above $2,750. The uncertainty around US President Donald Trump's trade policies turns out to be a key factor that continues to drive haven flows towards the precious metal.

U.S. equities gained at midday Wednesday on an artificial intelligence initiative announced by the White House and strong earnings reports.

U.S. stocks were rising on Wednesday morning with the major stock averages seeing their third day of gains as investors digested a slew of robust corporate earnings and President Donald Trump's new initiative on artificial intelligence.

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, Oracle, and Nvidia lead gains as S&P 500 reaches an all-time high. Explore the drivers behind this rally and what it means for US stock markets today.

The partnership formed by Oracle, OpenAI and SoftBank is due to invest up to $500 billion. SoftBank’s shares rose 3.7% on Thursday in Tokyo trading after jumping 11% the day before. Elsewhere in Asia, the S&P/ASX 200 in Australia fell 0.6% to 8,383.50, while the Kospi in Seoul lost 0.8% to 2,526.98.

Japan’s Nikkei share average rose on Thursday as SoftBank Group and other technology stocks tracked their U.S. peers higher for a second straight session, while investors awaited the Bank of Japan’s monetary policy decision due on Friday.

Netflix's record-breaking Q4 performance, driven by live sports, original content like Squid Game 2, and a 14% price hike with minimal attrition, resulted in 18.9 million new subscribers and exceeded revenue expectations.

All told, the S&P 500 rose 37.13 points, the Dow Jones Industrial Average gained 130.92 and the Nasdaq composite jumped 252.56.

The partnership that launched the AI boom has been strained by disagreements over computing resources.