Netflix Inc. shares soared to a record high on Wednesday after the streaming giant reported its biggest quarterly subscriber gain in history, buoyed by its first major live sporting events and the return of Squid Game.

Netflix just had a record quarter of new subscriber growth, crossing the 300 million subscriber milestone once again. To celebrate the milestone, the company has announced yet another price hike on most of its plans in the U.

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.