Oracle Corporation (NYSE:ORCL) stock increased by 5.7% on market opening today following the announcement of President Donald Trump's ambitious Stargate AI initiative which promises $500 billion for AI infrastructure development while building AI dominance in the U.
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After scrapping the Biden administration’s executive order on artificial intelligence, President Donald Trump announced a half-a-trillion-dollar AI infrastructure plan alongside some of the technology’s top leaders.
Microsoft (MSFT.O) has announced that it changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle (ORCL.N) and Japan’s SoftBank Group (9984.T) to build up to $500 billion of new AI data centers in the United States.
Other companies like Oracle ( ORCL ), Perplexity AI, and potentially even Tesla's ( TSLA) CEO Elon Musk are seen as potential contenders for TikTok. Trump has also said he’s privately spoken to “many people” about the company.
Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of
In addition to Trump, you can guarantee that virtually every tech company will mention AI revenue and spending. According to Jefferies analyst Brent Thill, Microsoft should report improved AI consumption and continued spending, something investors have been hoping for as the company works to meet customer demand for AI infrastructure.
Software stock Oracle (ORCL) is powering the Nasdaq today amid news of its joint venture with SoftBank and OpenAI
Washington. TikTok began restoring its services on Sunday after President-elect Donald Trump said he would revive the app's access in the US when he returns to power on Monday."Frankly, we have no choice.
Chinese AI lab DeepSeek shakes up Silicon Valley with top-performing language model, challenging American tech dominance.
Apple Inc. and Oracle Corp. have reacted differently to President Donald Trump’s pledge that the U.S. government won’t enforce a national security law that raised potential penalties for U.S. partners of the popular video app TikTok.
The tech-heavy Nasdaq Composite ( ^IXIC) rose 0.3%, while S&P 500 ( ^GSPC) moved up 0.3%. The Dow Jones Industrial Average ( ^DJI) hovered around the flatline, in the wake of a losing day on Wall Street.