Reported 2 days ago
Oracle and SoftBank's stock prices skyrocketed on Wednesday following President Trump's announcement of a new joint venture, Stargate, which aims to invest $100 billion in AI infrastructure, potentially reaching $500 billion over four years. The initiative, involving OpenAI, promises to enhance U.S. leadership in AI, create numerous jobs, and bolster national security, exciting investors and causing substantial share price increases for both companies.
Source: YAHOO