Oracle's shares surge 9% after announcement of $500 billion AI infrastructure plan, positive.

From Nasdaq: 2025-01-22 12:48:54

Oracle shares surged nearly 9% after President Trump announced a $500 billion AI infrastructure plan called Stargate, involving Oracle, OpenAI, and SoftBank. Nvidia, Microsoft, and Arm Holdings also rose on the news. Vistra’s stock increased 3.8% due to the project’s focus on clean energy for data centers.

The Stargate venture will invest $500 billion over four years, with initial data center construction already underway in Texas. Analysts expect more AI investments from tech companies and long-term energy demand from specialized data centers. The U.S. aims to maintain competitiveness in the global AI race against China.

Wedbush analyst Dan Ives sees the initiative as a catalyst for massive AI investments from U.S. tech giants. The focus on clean energy solutions benefits companies like Vistra. The Stargate project highlights the strategic importance of AI in the global economy, signaling significant opportunities in technology and energy markets.



Read more at Nasdaq: Oracle (ORCL) Leads Tech Rally After Trump’s $500 Billion AI Push