Stock

Oracle shares rise 9% after Trump unveils $500 billion AI plan

Published

LONDON (Reuters) – Oracle (NYSE:ORCL) shares jumped nearly 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank (TYO:9984).

The joint venture, called Stargate, plans to invest $500 billion, Trump said at the White House the previous day.

Oracle shares rose 3% after the closing bell on Tuesday, having finished regular trading up 7%, boosted by reports of the joint venture.

This post appeared first on investing.com

In this article:

You May Also Like

Economy

Hamas leader killed in Lebanon was UN employee, agency confirms

A U.N. human rights group confirmed Hamas’ leader in Lebanon, who was recently killed by Israeli strikes, was their employee.  Fateh Sherif was killed...

September 30, 2024

Investing

Astron, Energy Fuels Form Joint Venture for Donald Rare Earths and Mineral Sands Project

Astron (ASX:ATR) and Energy Fuels (TSX:EFR,NYSEAMERICAN:UUUU) have completed the establishment of a joint venture to advance the Australia-based Donald rare earths and mineral sands...

September 27, 2024

Editor's Pick

How voters view Vance and Walz, in detail

Sen. JD Vance (R-Ohio) and Minnesota Gov. Tim Walz (D) will face off Tuesday night at a CBS News vice-presidential debate in New York....

October 1, 2024

Latest News

TikTok parent company dismisses intern who it says ‘maliciously interfered’ with its AI technology

TikTok’s parent company says it has dismissed an intern who it found had ‘maliciously interfered’ with its artificial intelligence technology effort. In a statement...

October 22, 2024

Disclaimer: balanceandcharge.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 balanceandcharge.com

Exit mobile version