President Donald Trump and OpenAI CEO Sam Altman Just Delivered Fantastic News for Oracle Investors

For much of the 2010s, Oracle (NYSE: ORCL) stock went nowhere as the legacy tech giant struggled to deliver growth and fell behind the faster growing tech stocks now known as the "Magnificent Seven."However, the company has been reborn in the artificial intelligence (AI) era, and the stock jumped as demand for its cloud-infrastructure services has soared, and it's rapidly adding new data centers.Now, Oracle has gotten another jolt with the announcement of the Stargate AI infrastructure project. Softbank, OpenAI, Oracle, and MGX, a new Emirati investment firm focused on AI technologies, are creating the company and pledged to invest at least $100 billion and up to $500 billion in new AI infrastructure to support American leadership in the new technology. Oracle stock finished up nearly 7$ on news of the announcement. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool