LONDON (Reuters) – Oracle (NYSE 🙂) shares rose almost 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a big investment in artificial intelligence infrastructure, along with OpenAI and SoftBank (TYO 🙂).
The joint venture, called Stargate, plans to invest $500 billion, Trump said at the White House the day before.
Oracle shares rose 3% after the closing bell on Tuesday, having ended regular trading up 7%, boosted by reports from the joint venture.