Oracle shares jump 7% on involvement in AI infrastructure initiative that Trump will announce

CNBC January 21, 2025
Jordan Novet, Seema Mody

Key Points

– Oracle will be involved in a joint venture for artificial intelligence infrastructure in the U.S. that President Trump will announce, CNBC has confirmed.

– One of Oracle’s major customer wins last year was OpenAI, which needs graphics processing units to train and run artificial intelligence models.

Oracle shares jumped 6% on Tuesday on reports that the software maker is involved in a joint venture with OpenAI and SoftBank to build artificial intelligence infrastructure in the U.S.

President Donald Trump, who returned to the White House on Monday, will announce the plans, CNBC has confirmed. CBS News was first to report on the deal. The plans call for $100 billion initially and as much as $500 billion over...

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