Microsoft (NASDAQ:MSFT), and Arm Holdings (NASDAQ:ARM) rallied after announcing a groundbreaking $500 billion artificial intelligence initiative with OpenAI. The

Investing.com-- Shares of cloud computing firm Oracle (NYSE: ORCL) rose sharply on Tuesday, while those of Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) also advanced after the companies entered a $500 billion artificial intelligence venture with OpenAI.

The stock was also trending after Trump reportedly said at event on Tuesday that he would be open to Oracle chairman Larry Ellison or Tesla ( TSLA) CEO Elon Musk purchasing social media app TikTok, as part of a joint venture with the US government.

Oracle Corporation stock price is soaring, fueled by excitement over a transformative initiative in artificial intelligence infrastructure.

Netflix stock is surging 14% in premarket trade as the streaming service raised its 2025 outlook. Oracle stock rose 9% and Nvidia shares rose 3% after the announcement of a $100 billion AI infrastructure plan backed by President Donald Trump.

Oracle unveils new AI agents and generative AI features in Oracle Fusion Cloud Sales to enhance sales engagement & streamline processes. Gartner predicts B2B sales teams using generative AI will cut prospecting & customer-meeting prep time by over 50%.

Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.

AI initiative Stargate, backed by Oracle, OpenAI, and SoftBank, will focus on infrastructure, starting with data centers in Texas.

Oracle (ORCL) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Microsoft on Tuesday said it has changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle and Japan's SoftBank Group to build up to $500 billion of new AI data centers in the United States.

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.