Shares of Austin, Texas-based Oracle Corp. (ORCL) are on track to open at their highest level since early December after the company joined an OpenAI-led artificial intelligence (AI) joint venture named Stargate,

U.S. President Donald Trump said on Tuesday he was open to billionaire Elon Musk buying social media app TikTok if the Tesla CEO wanted to do so.

Nasdaq futures (NQ=F) are jumping this morning after President Trump announced Stargate, a push to help support AI growth in the United States. Among the big companies involved in the project are OpenAI,

Shares of Oracle ( ORCL 7.17%) are on the move today. The firm's stock is up 5.7% as of 1 p.m. ET. The leg up comes as the S&P 500 ( ^GSPC 0.88%) and Nasdaq Composite ( ^IXIC 0.64%) gained 0.6% and 0.3%, respectively.

Oracle shares jumped nearly 9% in Frankfurt on Wednesday, after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, together with OpenAI and SoftBank .

Chicago, IL – January 22, 2025 – Today, Zacks Investment Ideas feature highlights Tesla TSLA, Amazon AMZN, Meta Platforms META, Oracle ORCL and ARM Holdings ARM.

Stocks are poised to open higher on Wednesday, extending a rally that has put major indexes within sight of record highs.

Investing.com-- President Donald Trump said on Tuesday that he would be open to letting Tesla (NASDAQ: TSLA) CEO Elon Musk or Oracle (NYSE: ORCL) head Larry Ellision purchase TikTok under a joint venture with the U.S. government.

Day two of Donald Trump's second presidency culminated in an announcement that OpenAI, SoftBank Group and Oracle (NYSE: ORCL) will form a venture called Stargate and invest $500 billion in AI infrastructure across the United States, though how much of that was already long planned is anyone's guess.

The tech-heavy Nasdaq was leading the charge early on Wednesday, breaking above the 20,000 point barrier, after President Trump announced 'Stargate', a joint venture between OpenAI, Oracle and Softbank that will see "at least" $500.0bn invested into AI infrastructure in the US, helping to lift tech stocks.

Netflix stock scored a flurry of price-target hikes after the internet television network crushed Wall Street's Q4 estimates.