By Katherine Hamilton
Artificial Intelligence shares rose after a report that three industry companies, including Oracle, would pour billions of dollars into building data centers.
Oracle's stock was up 7% to $172.57 on Tuesday. Nvidia rose 3% to $141.41 and Palantir advanced 2% to $73.32.
OpenAI, SoftBank and Oracle are reportedly planning a joint venture called Stargate focused on building data centers and other infrastructure to support AI development, according to CBS News. The companies are expected to invest at least $100 billion in the initiative and up to $500 billion over the next four years, CBS reported.
Chief executives from the three companies are scheduled to visit the White House on Tuesday afternoon.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 21, 2025 15:57 ET (20:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。