Oracle stock jumps 7% after report says Trump to announce recent $500 billion AI investment

Oracle (ORCL) stock jumped 7% on Tuesday after a report said the corporate was set to be a part of a $500 billion investment in AI infrastructure that will likely be announced by President Trump on Tuesday.

CBS News reported Tuesday Trump is ready announce a recent private sector investment to construct artificial intelligence infrastructure within the US, with Oracle, ChatGPT creator OpenAI, and Japanese conglomerate SoftBank (9984.T) amongst those committing to the three way partnership.

The three way partnership, called Stargate, is anticipated to start with a knowledge center project in Texas, CBS reported, and company execs were expected to commit to an initial investment of $100 billion at an appearance on the White House Tuesday. Other firms are expected to hitch the enterprise and produce investment in this system as much as $500 billion in the approaching years.

SoftBank CEO Masayoshi Son, OpenAI chief Sam Altman, and Oracle CEO Larry Ellison were all expected to be in attendance at Tuesday’s event.

On Monday, Trump signed a wave of executive orders, which included rescinding a Biden-era executive order that established safety guidelines for generative AI. The order had required large language models to share safety test results with the US government and tasked federal agencies with assessing potential risks.

Big Tech executives, including Amazon’s Jeff Bezos, Meta’s Mark Zuckerberg, and Apple’s Tim Cook, were in attendance on the president’s inauguration on Monday because the sector cozied as much as Trump within the wake of his November election win.

Other day one actions from the president included invoking a national energy emergency, in addition to a heavy give attention to immigration. More actions are expected later this week, including greater clarity on Trump’s highly anticipated tariff plans.

President Donald Trump gives a thumbs up on the national prayer service on the Washington National Cathedral, Tuesday, Jan. 21, 2025, in Washington. (AP Photo/Evan Vucci) · ASSOCIATED PRESS

Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.

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