LONDON (Reuters) – Shares in Oracle ( NYSE: ) jumped nearly 9% in Frankfurt on Wednesday after U.S. President Donald Trump said the company would make major investments in artificial intelligence infrastructure, along with OpenAI and SoftBank ( TYO: ).
The joint venture, called Stargate, plans to invest $500 billion, Trump said the previous day at the White House.
Oracle shares rose 3% after the close on Tuesday, after ending regular trading up 7%, boosted by reports of a joint venture.
