Wariness is passé on Wall Street. Cautious uncertainty over lingering inflation and geopolitical turbulence have been replaced by giddiness over the deregulatory bonanza financial firms expect President Donald Trump’s administration to deliver.

The Arlington, Texas, company reported net income of $844.9 million for the three months ended Dec. 31, down from $947.4 million a year earlier.

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

Wall Street’s main indexes rose on Tuesday, with the blue-chip Dow at a more than one-month high, as investors assessed President Donald Trump’s executive orders after taking office and awaited his first move on trade policy. In morning trading, the Dow Jones Industrial Average rose 423 points, or 1%, to 43,911.

Google's DeepMind spinoff Isomorphic Labs expects clinical trials of drugs designed using AI to start late this year.

Another engine of value creation for Wall Street that has been slow in recent years is the IPO market — which is also set to pick up.

The Wall Street Pepe presale crossed the $50 million mark on Friday, and now there are only 30 days left to grab a piece of the next Pepe.

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Nvidia (NASDAQ: NVDA) and Palantir Technologies (NASDAQ: PLTR) have recently been two of the hottest stocks on Wall Street because both companies play a key role in the artificial intelligence economy.

Quietly, some of Wall Street's most-prominent billionaire investors have been dumping shares of the hottest AI stocks.