Netflix, Oracle and other technology stocks lifted U.S. indexes as their profits pile higher and excitement builds around the moneymaking prospects of artificial intelligence. The S&P 500 rose 0.6% Wednesday and closed just shy of the record it set in early December.

Microsoft (NASDAQ: MSFT) is a mega-cap stock that I think doesn’t get as much credit as it should. This company has basically kickstarted the AI wave with its early investments into OpenAI. Not only that,

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