Shares of Oracle (ORCL -1.54%) flew higher this week. The firm's stock gained 14% as of 4:20 p.m.
On Tuesday, President Donald Trump announced The Stargate Project, a private $500 billion artificial intelligence (AI) infrastructure project in the United States, as I reported on Wednesday. He heralded it as the "largest AI infrastructure project, by far, in history.
Here are some of the major companies whose stocks moved on the week's news.
Apple Inc. AAPL, Alphabet Inc's GOOG GOOGL Google and Oracle Corp ORCL remain divided in their approaches to TikTok as their vested interests play out.
The Trump administration's planned $500 billion Stargate project promises lots of A.I. promise. Angelo Zino says the biggest question surrounds how big the endeavor can get.
Zacks.com users have recently been watching Oracle (ORCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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).