Oracle stock jumps 7% after report says Trump to announce new $500 billion AI investment

Oracle stock jumps 7% after report says Trump to announce new $500 billion AI investment
yahoo.com

by Alexandra Canal • 18 days ago

Oracle's stock surged 7% following President Trump's announcement of a $500 billion investment in AI infrastructure, involving companies like Oracle, OpenAI, and SoftBank in a joint venture named Stargate. The initiative, starting with a data center in Texas, aims to create over 100,000 jobs. Trump's recent executive orders included rescinding Biden-era AI safety guidelines, signaling a shift in federal policy towards generative AI.

Summarized in 80 words

Latest AI Tools

More Tech Bytes...