Oracle shares jump 6% on involvement in AI infrastructure initiative that Trump will announce
1. Oracle's shares rose 6% amid AI infrastructure partnership with OpenAI and SoftBank. 2. The venture involves $100 billion initially, potentially escalating to $500 billion. 3. Oracle's stock soared 58% in 2024, marking its best performance since 1999. 4. Co-founder Larry Ellison's net worth increased by over $75 billion in 2024. 5. Oracle provides cloud infrastructure for TikTok, recently affected by a congressional law.