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Wed, January 22, 2025
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Oracle Stock Surges on Trump's Stargate Project
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Oracle Stock Surges on Trump's Stargate Project


Published on 2025-01-22 13:01:08 - Kiplinger
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  • Oracle stock is higher Wednesday after President Trump announced the $500 billion AI-focused Stargate Project. Here's what you need to know.

The article from Kiplinger discusses the significant surge in Oracle's (ORCL) stock price following the announcement of its involvement in "Project Stargate," a secretive AI initiative by former President Donald Trump. Oracle's stock rose by 11% after the news broke, driven by the company's potential to benefit from government contracts related to AI development. The project aims to leverage AI for enhancing national security, with Oracle positioned to provide the necessary cloud infrastructure. This development not only highlights Oracle's strategic positioning in the AI and cloud computing sectors but also underscores the growing intersection of technology and government defense strategies. The article also touches on the broader implications of such projects, including potential increases in government spending on tech and the competitive landscape among tech giants vying for similar contracts.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/oracle-orcl-stock-surges-on-trumps-stargate-project ]
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