BUZZ-Oracle rises on OpenAI, SoftBank AI infrastructure joint venture

Updates

Shares of cloud service provider Oracle ORCL.N rise 4% to $179.62 in extended trading

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

Arm >, Microsoft MSFT.O, Nvidia NVDA.O, ORCL and OpenAI are the key initial technology partners - OpenAI blog post

Arm up 3.4%, both MSFT and NVDA up more than 1%

ORCL's shares rose ~58% in 2024

(Reporting by Jaspreet Singh in Bengaluru)

((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))