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.

Tech stocks dominated the list of biggest gainers after President Trump unveiled The Stargate Project, a new company formed by Oracle ( ORCL ), OpenAI, SoftBank and MGX, which will invest up to $500 billion in AI infrastructure over the next four years.

U.S. stock indexes rose on Wednesday due to stronger-than-expected earnings from major tech companies and growing optimism for AI.