Here's a roadmap to the next stages of the buildout of AI in the U.S.
Oracle stock took off as President Trump announced the Stargate AI infrastructure project involving OpenAI, SoftBank, Oracle, and MGX. Oracle's reported $7B equity stake in Stargate could elevate its brand profile and AI data center execution capabilities. ORCL is betting big to show the world that it has the wherewithal and ability to catch up with the leading hyperscalers.
Shares in artificial intelligence data-center companies fell Thursday—the president's $500 billion spending drive might raise more questions than answers.
The software company has less spending power than other megacap techs, but partnerships and its data-center design give it flexibility.
A massive investment in artificial intelligence and upbeat earnings pushed equities to record levels.
President Donald Trump has announced a new 'Stargate' initiative focused on expanding artificial intelligence data center infrastructure across the United States. The venture includes partnerships with major tech players like OpenAI, SoftBank (SFTBY), and Oracle (ORCL).
The Trump administration aims to use $500 billion to build A.I. data centers in the U.S. Oracle (ORCL), OpenAI and Softbank will head the project and plan to front $100 billion as an initial investment.
Oracle (ORCL) shares soared Wednesday for the second straight session as investors reacted to news that the enterprise software company will form a joint venture with OpenAI and Japan's SoftBank to build artificial intelligence (AI) infrastructure.
Oracle ( NYSE:ORCL ) has rallied by more than 7% upon President Trump's recently announced $500 billion AI infrastructure investment.
Shares of Oracle (ORCL 6.97%) are flying higher on Wednesday. The company's stock is up 6.4% as of 11:20 a.m.
In today's video, I discuss the recent AI infrastructure announcement by OpenAI , SoftBank , Oracle (ORCL 6.39%), and various A I stocks that can benefit from the massive investment. To learn more, check out the short video, consider subscribing, and click the special offer link below.
Tesla and SpaceX CEO Elon Musk said OpenAI, Oracle and Softbank "don't actually have the money" to back up their pledge to invest $500 billion in U.S. AI infrastructure. President Donald Trump touted the joint venture, dubbed the Stargate project, on the first full day of his second term.