Oracle Stock Jumps on Reports Trump Could Announce AI Joint Venture

Key TakeawaysOracle shares surged Tuesday after reports that President Trump could soon announce an artificial intelligence initiative involving the software maker.Trump is expected to announce a joint venture involving Oracle, OpenAI and SoftBank, called Stargate, to build AI infrastructure in the U.S., CBS News reported.The companies reportedly could commit $100 billion to start, and as much as $500 billion over the next four years toward the initiative.  Oracle (ORCL) shares surged Tuesday following repo ...