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 >
Frontier Revives Spirit Merger Talks Citing Stronger Future Together
Frontier Revives Spirit Merger Talks Citing Stronger Future Together
Jan 29, 2025
Frontier Group Holdings ( ULCC ) has proposed a merger with Spirit Airlines ( SAVEQ ) through newly issued debt and stock, offering higher recoveries for Spirit’s stakeholders than its standalone restructuring plan. By combining, Spirit investors would benefit from a stronger low-cost carrier and significant synergies. Frontier remains open to further discussions with Spirit and its financial stakeholders. “While...
West Red Lake Gold Identifies New Targets at Madsen Project in Ontario
West Red Lake Gold Identifies New Targets at Madsen Project in Ontario
Jan 29, 2025
08:32 AM EST, 01/29/2025 (MT Newswires) -- West Red Lake Gold Mines ( WRLGF ) reported Wednesday new targets identified from the 2024 regional surface mapping and geochemical sampling program at its Madsen property in Ontario. The company said it identified six anomalous areas, with the North Shore anomaly demonstrating high prospectivity from limited driling. The area beneath the strongest...
Energy Fuels to Resume Ore Transport After Agreement With Navajo Nation
Energy Fuels to Resume Ore Transport After Agreement With Navajo Nation
Jan 29, 2025
08:42 AM EST, 01/29/2025 (MT Newswires) -- Energy Fuels ( UUUU ) on Wednesday said ore transportation across Navajo Nation territory will resume next month after it signed an agreement with the Nation. Ore transport from Energy Fuels' ( UUUU ) Pinyon Plain Mine in northern Arizona to the company's White Mesa Mill in southern Utah had been halted since...
GE Aerospace Completes Initial Ground Runs for T901 Engine on Black Hawk Helicopter
GE Aerospace Completes Initial Ground Runs for T901 Engine on Black Hawk Helicopter
Jan 29, 2025
08:45 AM EST, 01/29/2025 (MT Newswires) -- GE Aerospace (GE) said Wednesday it completed the initial ground runs for the T901 engine on a US Army Black Hawk helicopter at Sikorsky's West Palm Beach facility. The company said the ground runs validated the performance of critical systems, including fuel, electrical, hydraulic, engine, and flight control systems and engine bay flow....
Copyright 2023-2026 - www.financetom.com All Rights Reserved