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.

Over the course of the first trading day of his presidency, major indices rose, several—but not all—megacap tech stocks saw their share prices increase. Nvidia, whose market cap surpassed Apple’s last year,

U.S. stock indexes are drifting higher following a mostly encouraging batch of profit reports from big companies.

Markets are pointing higher on the first day of trading under the second administration of U.S. President Donald Trump.