Oracle shares rise 9% after Trump reveals $500 billion AI plan By Reuters

LONDON (Reuters) – Shares of Oracle (NYSE:) jumped almost 9% in Frankfurt on Wednesday, after U.S. President Donald Trump announced the company would make a significant investment in artificial intelligence infrastructure, in the alongside OpenAI and SoftBank (TYO:).

© Reuters. FILE PHOTO: A screen displays the Oracle Corporation logo and trading information on the floor of the New York Stock Exchange (NYSE) in New York, U.S. March 30, 2023. REUTERS/Brendan McDermid/File Photo

The joint venture, called Stargate, plans to invest $500 billion, Trump said the day before at the White House.

Oracle shares rose 3% after the close on Tuesday, after ending regular trading up 7%, boosted by reports of the joint venture.