Oracle and Other AI Data-Center Shares Are Soaring on Stargate

Oracle and Other AI Data-Center Shares Are Soaring on Stargate·Barrons.com

Oracle stock is poised to reap the benefits of President Donald Trump’s enthusiasm for artificial intelligence, analysts said after he announced Tuesday a $500 billion investment in AI infrastructure. Shares of the information-technology company were up 7.2% on Wednesday, hours after Oracle Chairman and founder Larry Ellison joined Trump, OpenAI CEO Sam Altman, and SoftBank Chairman and CEO Masayoshi Son to unveil a new venture called Stargate.

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