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


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

© Reuters. FILE PHOTO: A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 30, 2023. REUTERS/Brendan McDermid/File Photo

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

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





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