Reported about 7 hours ago
Oracle's stock rose nearly 9% in premarket trading following President Trump's announcement of a $500 billion AI investment plan in collaboration with OpenAI and SoftBank. The venture, named Stargate, aims to fortify U.S. leadership in AI, with immediate funding of $100 billion and construction of data centers already underway in Texas. Analysts foresee a wave of significant AI investments in the coming weeks as interest in energy-efficient computing rises.
Source: YAHOO