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FILE PHOTO: A screen displays the logo and trading information for Oracle Corporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2023. REUTERS/Brendan McDermid/File Photo
LONDON : Oracle shares jumped nearly 9 per cent in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank.
The joint venture, called Stargate, plans to invest $500 billion, Trump said at the White House the previous day.
Oracle shares rose 3 per cent after the closing bell on Tuesday, having finished regular trading up 7 per cent, boosted by reports of the joint venture.