Oracle's shares surged 9% after Trump's $500 billion AI plan announcement

From Investing.com: 2025-01-22 18:21:09

Oracle’s shares surged 9% after President Trump announced a $500 billion investment in AI infrastructure with OpenAI and SoftBank. Nvidia, Microsoft, and Arm also saw gains. Futures for the tech-heavy Nasdaq rose 0.8%. Analysts predict more AI investments in the U.S., boosting demand for energy and driving up stocks like Vistra.

Stocks of AI server makers like Dell and Super Micro Computer rose, along with Palantir Technologies. Oracle’s shares closed 7% higher on Tuesday following news of the joint venture.



Read more at Investing.com: Oracle surges, chip stocks rise as Trump unveils $500 billion AI plan By Reuters