Shares of Austin, Texas-based Oracle Corp. (ORCL) are on track to open at their highest level since early December after the company joined an OpenAI-led artificial intelligence (AI) joint venture named Stargate,

President Trump announced on Tuesday a massive AI infrastructure project involving OpenAI, Oracle (NYSE:ORCL), and SoftBank (TYO:9984), with an investment plan of up to $500 billion. This project, named Stargate,

U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do so.

Nasdaq futures (NQ=F) are jumping this morning after President Trump announced Stargate, a push to help support AI growth in the United States. Among the big companies involved in the project are OpenAI,

Tesla Inc. CEO Elon Musk cast doubt Wednesday on the ambitious $500 billion Project Stargate, hours after its announcement, claiming lead investor SoftBank Group SFTBY -0.36% + Free Alerts SFTBF + Free Alerts has “well under $10B secured.”

President Donald Trump on Tuesday announced that three leading companies would make a large investment in artificial intelligence infrastructure.

Day two of Donald Trump's second presidency culminated in an announcement that OpenAI, SoftBank Group and Oracle (NYSE: ORCL) will form a venture called Stargate and invest $500 billion in AI infrastructure across the United States, though how much of that was already long planned is anyone's guess.

Shares of Oracle ( ORCL 7.17%) are on the move today. The firm's stock is up 5.7% as of 1 p.m. ET. The leg up comes as the S&P 500 ( ^GSPC 0.88%) and Nasdaq Composite ( ^IXIC 0.64%) gained 0.6% and 0.3%, respectively.

Stocks are poised to open higher on Wednesday, extending a rally that has put major indexes within sight of record highs.

Investing.com-- President Donald Trump said on Tuesday that he would be open to letting Tesla (NASDAQ: TSLA) CEO Elon Musk or Oracle (NYSE: ORCL) head Larry Ellision purchase TikTok under a joint venture with the U.S. government.

Discover why Oracle stock is soaring, from AI projects like Stargate to cloud computing growth. Learn what’s driving its rise in 2025.

President Donald Trump expressed openness to Tesla CEO Elon Musk or Oracle Chairman Larry Ellison acquiring TikTok.