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. stocks could open on a positive note on Wednesday, continuing to rally after Donald Trump's inauguration as the 47th President of the U.S. on Monday. Futures point to a second consecutive day of positive start to the Trump presidency.

Netflix stock is jumping in premarket trading after the streaming giant posted strong revenue and subscriber gains; U.S. stock futures are pointing higher as investors evaluate ac

However, Trump ordered his administration to address unfair trade practices globally and outlined plans to impose tariffs of 25% on Canadian and Mexican goods on February 1.  Late Tuesday, Trump also said he was considering a 10% tariff on all goods from China.

Stocks are poised to open higher on Wednesday, extending a rally that has put major indexes within sight of record highs.

Johnson & Johnson (NYSE: JNJ) stock fell 1.5%, weighed by a hefty dip in sales of its blockbuster psoriasis treatment Stelara, even as the pharmaceutical firm posted better-than-expected fourth-quarter adjusted earnings and sales.

Netflix stock is surging 14% in premarket trade as the streaming service raised its 2025 outlook. Oracle stock rose 9% and Nvidia shares rose 3% after the announcement of a $100 billion AI infrastructure plan backed by President Donald Trump.

The newly sworn-in President said ChatGPT creator OpenAI, SoftBank (TYO: 9984) and Oracle (NYSE: ORCL) plan a joint venture called Stargate, which he said will build data centers and create more than 100,000 jobs in the United States.

A number of Big Tech stocks are jumping Wednesday morning after President Trump announced a new AI infrastructure project called Stargate. It has sent the Nasdaq Composite (^IXIC) higher in early trading.

The stock was also trending after Trump reportedly said at event on Tuesday that he would be open to Oracle chairman Larry Ellison or Tesla ( TSLA) CEO Elon Musk purchasing social media app TikTok, as part of a joint venture with the US government.