BUZZ-AI stocks surge as Trump announces big AI investment

Shares of AI server firms rise premarket after U.S. President Donald Trump announces a private sector investment of up to $500 bln to fund infrastructure for artificial intelligence

Shares of cloud service provider Oracle ORCL.N jump nearly 9% to $187.1 after Trump announces joint venture called Stargate with OpenAI and SoftBank 9984.T to build data centers and create over 100,000 jobs in the U.S.

Dominant AI chipmaker Nvidia NVDA.O rises 2.5%, AI server maker Super Micro SMCI.O gains 3.3% and Dell DELL.N up 3.5%

Chipmaker Marvell Technology MRVL.O and Advanced Micro Devices AMD.O up 1.1% to 2.5%, respectively

Shares of Microsoft MSFT.O rise 1.6% and data analytics firm Palantir Technologies PLTR.O up 1.9%

Other smaller AI stocks C3.ai AI.N up 5.2% and BigBear.ai BBAI.N add 4.5%

U.S.-listed shares of Arm Holdings ARM.O up 5.9%

(Reporting by Sanchayaita Roy in Bengaluru)

((sanchayaita.roy@thomsonreuters.com))