LONDON (Reuters) – Oracle (NYSE:) shares jumped nearly 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a major investment in artificial intelligence infrastructure, along with OpenAI and SoftBank (TYO:).
Trump said at the White House the day before that the joint venture, called Stargate, planned to invest $500 billion.
Oracle shares rose 3% after the closing bell on Tuesday, after ending regular trading up 7%, boosted by reports on the joint venture.
