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.
Oracle's NYSE: ORCL game-changing news isn't centered on a single event but rather a series that culminates in forming The Stargate Project. The Stargate Project is a new joint venture between OpenAI and Softbank intended to build next-gen AI-focused data centers in the United States.
Oracle Corp (NYSE:ORCL) stock is up 6.4% to trade at $183.74 at last check, one of the best stocks on the Nasdaq Composite (IXIC) this morning.
Oracle (ORCL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Oracle Corp ORCL just got its golden AI ticket. The stock surged as much as 8.51% in pre-market trading Wednesday after President Donald Trump unveiled Project Stargate, a massive $500 billion AI infrastructure initiative featuring Oracle, OpenAI, Nvidia Corp NVDA, and SoftBank Capital.