Oracle shares rise 9% after Trump unveils $500 billion AI plan
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LONDON (Reuters) - Oracle shares jumped nearly 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank.
The joint venture, called Stargate, plans to invest $500 billion, Trump said at the White House the previous day.
Oracle shares rose 3% after the closing bell on Tuesday, having finished regular trading up 7%, boosted by reports of the joint venture.
(Reporting by Amanda Cooper; Editing by Samuel Indyk)
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