President Donald Trump's boost to AI demand hopes is outweighing fresh tariff threats on China and the EU, as earnings season rolls on.

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.

Japan's Nikkei Stock Average rose 0.8% to close at 39958.87 amid risk-on sentiment. "Equities worldwide continued to ride on the wave of U.S.' AI investment announcement, as well as blowout earnings from streaming giant Netflix,

Wall Street's indexes rose on Wednesday, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix's quarterly report and President Donald Trump's private-sector artificial intelligence infrastructure investment plan.

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).

All told, the S&P 500 rose 37.13 points, the Dow Jones Industrial Average gained 130.92 and the Nasdaq composite jumped 252.56.

Netflix helped lead the way after it said live ... Some of the market’s most forceful pushes upward came from AI-related companies. Oracle added 6.8% following its 7.2% rise the day before ...

Another player has emerged in the race to create a reliable AI video generator – none other than Netflix. Researchers from the streaming giant were involved in the development of Go-with-the-Flow, a new model that aims to provide an easy way to control motion patterns in video diffusion models.

The criticism directed at The Brutalist has also shone a light on Netflix's own Oscars hopeful, Emilia Pérez, a musical directed by Jacques Audiard about a cartel boss looking to retire and transition into living as a woman. In the movie, Karla Sofìa Gascón's singing voice was enhanced using AI.

The Dow Jones Industrial Average was up 136 points, or 0.3%, as of 11:55 a.m. Eastern time. The Nasdaq composite was 1.5% higher.

Wall Street's main indexes rose on Wednesday, with the benchmark S&P 500 hitting a record high, as investors cheered streaming video provider Netflix's quarterly report and technology shares rallied after the announcement of a private-sector artificial intelligence infrastructure plan.