“Oracle shares jumped nearly 9% after US President Donald Trump said the company would make big investments in artificial intelligence infrastructure, alongside OpenAI and SoftBank.”, — write: epravda.com.ua
Oracle shares jumped nearly 9% after US President Donald Trump said the company would make big investments in artificial intelligence infrastructure, alongside OpenAI and SoftBank. Reuters writes about it. A joint venture called Stargate plans to invest $500 billion to help the United States outpace China and other rivals in the global artificial intelligence race, Trump said at the White House on Tuesday. Nvidia, which will supply chips for the enterprise, rose 2.7%, while the project’s other technology partners also rose, with Microsoft up 1.1% and Arm up 5.5%.Advertisement: Technology futures the Nasdaq 100 index rose by 0.8%. AI consumes enormous amounts of energy to support its massive computing power, which increases the demand for dedicated data centers and the electricity needed to power them. Shares of nuclear energy company Vistra rose by 3.8%. Its shares have more than quadrupled in the past 12 months, driven in part by growing demand for clean, sustainable energy for data centers.Advertisement: Shares of artificial intelligence server makers are also up, with Dell Technologies up 4.3% and Super Micro Computer – by 2.7%. Among other stocks, AI data analytics company Palantir Technologies rose 2.2%.