Oracle advances with OpenAI and SoftBank's AI infrastructure joint venture – 01/22/2025 at 00:05

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

(Updates)

Jan. 21 – **Shares of cloud services provider Oracle ORCL.N rise 4% to $179.62 in extended trading

** US President Donald Trump said on Tuesday that OpenAI, SoftBank 9984.T and ORCL will form a joint venture called Stargate, with a plan to invest $500 billion in AI infrastructure

**Arm ARM.O, Microsoft MSFT.O, Nvidia NVDA.O, ORCL and OpenAI are initial lead technology partners – OpenAI blog post

**Arm up 3.4%, MSFT and NVDA up over 1%

**ORCL shares are up ~58% in 2024