Netflix Soars as Streamer Touts Subscriber Growth | Global News Avenue

Major U.S. stock indexes were higher after President Trump unveiled a joint venture that will inject significant investment into artificial intelligence (AI) infrastructure and as investors digested a string of strong earnings results.

The S&P 500 closed up 0.6% to end just below its all-time closing high after hitting an intraday high above 6,100. The Dow Jones rose 0.3%, while strength in technology stocks helped the Nasdaq rise 1.3%.

Video streaming giant Netflix (NFLX)release Sales and profits better than expected Its shares soared 9.7% in the fourth quarter, making it the best-performing company in the S&P 500 on Wednesday. Netflix also reported that it added 19 million new subscribers during the period, increased its stock repurchase program by $15 billion and raised its 2025 revenue forecast. JPMorgan analysts said they expected Minimal resistance to subscription price increases Netflix has announced a strong number of shows on the platform this year.

Shares of power management chip maker Monolithic Power Systems (MPWR) rose 8.0% on Wednesday, extending a series of gains since last week. The turnaround coincides with several research firms naming Monolithic Power stock a “top pick.” Deutsche Bank analysts pointed to expectations for Monolithic’s revenue growth and margin expansion in the coming years, while Oppenheimer analysts noted that the semiconductor industry’s transition to higher power modules could help support the company’s long-term growth .

modern (messenger RNA) shares soared 7.3%. The biotech company received nearly $600 million in additional funding from the U.S. Department of Health and Human Services to advance the development of its mRNA vaccine against influenza strains with pandemic potential, including the H5N1 strain of avian influenza virus. Oracle Chairman Larry Ellison gives Moderna an extra boost (ORCL) spoke at a White House meeting about the potential of artificial intelligence (AI) in developing cancer vaccines.

Seagate Technology Holdings Inc. stock (STX) rose 6.8% after reporting a strong earnings report. The world’s largest hard drive maker beat quarterly sales and profit estimates, suggesting an improving demand environment. Analysts at Morgan Stanley affirmed the upbeat trends in the hard drive industry, with Seagate stock among their top picks, and said consensus forecasts may be underestimating the company’s gross margin trajectory.

Edison International’s stock (axis) – operator of Southern California Edison, the region’s largest utility hit by devastating wildfires – fell 6.3%, the biggest decliner in the S&P 500. On Tuesday, a judge ordered Edison to preserve evidence and data related to the origins of the Eaton fire. Several homeowners in the area have filed lawsuits claiming the company’s equipment may have played a role in starting the fires. Previous wildfires in the state have been linked to electrical equipment and resulted in significant liability for utility companies.

First Solar (FSLRThe company’s shares fell 6.3% on Wednesday, extending losses from the previous session, after President Donald Trump returned to office and announced the cancellation of several renewable energy plans. While the solar panel maker’s shares have been volatile in recent months, they have fallen about 20% since Trump won the election in November.

President Trump’s initial series of executive orders included measures to pause the permitting process for wind energy projects pending review by the Interior Department. The policy shift has weighed on share prices of onshore and offshore wind companies. Shares of AES Corp. (AES) and ruling energy (D) fell 5.3%.