Oracle Stock Jumps on Reports Trump Could Announce AI Joint Venture
1. Oracle shares jumped 7% after Trump AI initiative announcement. 2. A joint venture, Stargate, involves Oracle, OpenAI, and SoftBank. 3. The companies may commit $100 billion initially, up to $500 billion total. 4. Executives from Oracle, SoftBank, and OpenAI attended the announcement. 5. Oracle's stock has risen over 50% in the past year.