Oracle stock surged Wednesday, as other AI stocks rallied, after President Donald Trump unveiled the Stargate AI infrastructure project with OpenAI and SoftBank. President Trump led a press conference with OpenAI Chief Executive Sam Altman,
Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle joined Trump for the $500 billion announcement.
Oracle stock jumped on reports that President Trump will announce a major AI investment from Oracle, OpenAI and SoftBank.