financetom
Business
financetom
/
Business
/
Oracle shares rise 9% after Trump unveils $500 billion AI plan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Oracle shares rise 9% after Trump unveils $500 billion AI plan
Jan 21, 2025 11:47 PM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Australia to mandate streaming services invest at least 10% of expenditure in local content
Australia to mandate streaming services invest at least 10% of expenditure in local content
Nov 3, 2025
SYDNEY, Nov 4 (Reuters) - Australia will introduce laws requiring streaming platforms to invest set amounts of money in local content, the federal government said on Tuesday. The centre-left Labor government will require the platforms to invest at least 10% of total expenditure in Australia or 7.5% of revenue to new Australian drama, children's content, documentaries and arts and educational...
Marubeni to follow government guidance on Sakhalin-1 as US sanctions Rosneft
Marubeni to follow government guidance on Sakhalin-1 as US sanctions Rosneft
Nov 3, 2025
* Russian state-owned Rosneft is a Sakhalin-1 shareholder * US sanctioned Rosneft, Lukoil last month * Marubeni ( MARUF ) co-owns SODECO, a Sakhalin-1 shareholder * Marubeni's ( MARUF ) 6-mo profit up on strong performance in financial, food businesses (Adds details, quotes, background, releads) By Yuka Obayashi and Katya Golubkova TOKYO, Nov 4 (Reuters) - Marubeni ( MARUF )...
PRESS DIGEST-Wall Street Journal - November 4
PRESS DIGEST-Wall Street Journal - November 4
Nov 3, 2025
Nov 4 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Starbucks ( SBUX ) is selling a majority stake in its China retail operations to Boyu Capital, retaining 40%. - Denny's will be taken private in a $322 million deal, with...
Bitcoin, Ethereum Disappoint, But Did You Catch This Privacy Token's 70% Rally?
Bitcoin, Ethereum Disappoint, But Did You Catch This Privacy Token's 70% Rally?
Nov 3, 2025
Dash (CRYPTO: DASH) exploded on Monday, extending its winning streak in an otherwise downtrending cryptocurrency market. DASH Rallies While Other Cryptos Struggle The Layer-1 cryptocurrency soared 70% in the last 24 hours, reaching values not seen since January 2022. DASH's trading volume spiked 32% to $1.38 billion, suggesting high liquidity and buying pressure. The token was the market's biggest gainer...
Copyright 2023-2026 - www.financetom.com All Rights Reserved