Oracle's stock price rises 6% due to its participation in the AI infrastructure initiative that Trump will reveal.

• CNBC has confirmed that President Trump will announce a joint venture for artificial intelligence infrastructure in the U.S. that will involve Oracle.
• Last year, OpenAI, one of Oracle's major customer wins, required graphics processing units to train and operate its artificial intelligence models.

On Tuesday, shares of the software maker increased by 6% due to news that it is collaborating with OpenAI and SoftBank to construct AI infrastructure in the U.S.

On Monday, President Donald Trump returned to the White House and will reveal the plans, which have been confirmed by CNBC. CBS News was the first to report on the deal. The plans involve an initial investment of $100 billion and could reach up to $500 billion over four years.

In 2024, Oracle's stock price increased by 58%, marking their best performance since 1999. This growth significantly increased the net worth of co-founder and chairman Larry Ellison, who has connections to the White House and allied himself with CEO Elon Musk.

TikTok, which was dark over the weekend due to a law passed by Congress and signed by former President Joe Biden, has announced that it is restoring service to U.S. users starting Sunday night. Oracle is also the cloud infrastructure provider for TikTok.

Oracle acquired cloud business from OpenAI, a startup that requires a significant number of graphics processing units to train and operate AI models for its ChatGPT assistant and other products.

Jim Cramer stated that both Oracle and C3.ai had strong earnings reports.