The joint venture Stargate brings together the efforts of major tech players — OpenAI, $SFTBY , and $ORCL — to create specialized artificial intelligence (AI) data centers in the United States. This strategic collaboration, exclusively aimed at supporting OpenAI, the developer of the popular ChatGPT, showcases the companies' desire to strengthen their positions in the AI technology market and secure resources for scaling their operations.

On Wednesday, $ORCL stock surged nearly 9% on the Frankfurt stock exchange. This dramatic rise was sparked by a statement from U.S. President Donald Trump, who announced Oracle’s plans to make significant investments in artificial intelligence infrastructure in collaboration with global tech leaders like OpenAI and $SFTBY. These developments also supported a 3% rise in Oracle shares in after-hours trading on Tuesday, building on the 7% gain during the regular trading session.