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.
OpenAI's Stargate project lacks a fully developed plan and hasn't secured funding yet, according to a report from the Financial Times.
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.
Netflix, Oracle and other tech stocks lifted U.S. indexes as their profits pile higher and excitement builds around AI's moneymaking prospects.
Netflix stock soars on better-than-expected results, U.S. stock futures gain as investors evaluate moves by President Donald Trump, and Oracle shares jump on major AI infrastructure investment with OpenAI,
Key takeaways from Netflix's fourth-quarter earnings as stock surges. Space stocks soar on upbeat sentiment, Trump sets sights on Mars. Google to invest another $1B in Anthropic.
Christopher McMahon, CEO of Aquinas Wealth Advisors and author of “Faithful Finances”, spoke with Quartz for the latest installment of our “Smart Investing” video series.
Once you've wrapped up this week's ICYMI, check out our picks for the 7 new movies and TV shows to stream this weekend (January 24).
Netflix stock soars after strong subscriber gains, and Oracle teams with OpenAI and SoftBank in a $500 billion AI infrastructure partnership. Johnson & Johnson and Procter & Gamble are scheduled to report quarterly earnings Wednesday.
Netflix shot up 14.6% after it reported adding nearly 19 million subscribers during the holiday-season quarter and it topped sales and profit targets. The video streaming service’s expansion into live programming appears to be paying off as it wrapped up its best year ever with more than $40 billion in revenue.
OpenAI CFO Sarah Friar explains how AI is taking center stage at Davos, what the Stargate project means for the macroeconomy and details new products for key customers.
President Donald Trump's boost to AI demand hopes is outweighing fresh tariff threats on China and the EU, as earnings season rolls on.