Dow Jones Industrial Average rises 120.97 points, or 0.27 per cent, to 44,146.78. Read more at straitstimes.com.

Nasdaq futures (NQ=F) are jumping this morning after President Trump announced Stargate, a push to help support AI growth in the United States. Among the big companies involved in the project are OpenAI,

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.

(Reuters) - U.S. stock index futures rose on Wednesday, with those tied to the tech-heavy Nasdaq in the lead as investors cheered streaming giant Netflix's strong quarterly performance and President Donald Trump's multi-billion show of support for the AI technology industry.

Tesla Inc. CEO Elon Musk cast doubt Wednesday on the ambitious $500 billion Project Stargate, hours after its announcement, claiming lead investor SoftBank Group SFTBY -0.36% + Free Alerts SFTBF + Free Alerts has “well under $10B secured.”

The streaming service's shares jumped 14% in premarket trading after a blockbuster earnings report late Tuesday. Netflix b

A rally in big tech fueled by optimism over artificial intelligence and a batch of earnings from corporate heavyweights sent stocks to the brink of their all-time highs.

Billionaire investor Stanley Druckenmiller told CNBC this week that optimism surrounding the U.S. market and business outlook is reaching "giddy" levels in boardrooms. Judging by Wall Street's boom, that giddiness is being mirrored across trading floors.

President Trump unveiled the AI initiative on Tuesday alongside the executives of OpenAI, Oracle and Softbank.

The streaming giant gets the latest round of stock price target hikes as experts opine on advertising and live sports upside: "As good as it gets? We don’t think so."