With technology shares like Oracle and Nvidia rallying on optimism about artificial intelligence, and Netflix and Procter & Gamble gaining following solid quarterly reports, stocks rose on Wednesday, with the S&P 500 approaching an all-time high once more.
After reaching 300 million paying users, Netflix’s stock shot up more than 14%. It also exceeded analyst estimates in terms of revenue and earnings for the fourth quarter.
The popular show “Squid Game” and live sporting events like the boxing battle between Mike Tyson and Jake Paul helped the streamer’s results.
Source (CNBC)
