Shares of Nvidia, Microsoft, Oracle, and other AI-related companies surged Wednesday after the Trump administration’s announcement of a $500 billion joint venture spurred optimism about a rising tide of AI investments.

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Nvidia (NVDA) stock jumped more than 4% Wednesday to help lead the tech sector and some chip stocks higher following Trump’s announcement of a massive, $500 billion AI infrastructure project. The project creates a company called Stargate,

Shares of Nvidia (NASDAQ:NVDA) are jumping over 4% in morning trading after President Trump announced a $500 billion artificial intelligence infrastructure plan yesterday. 24/7 Wall St. Insights: President Trump unveiled Stargate,

Amid investor concerns, the Stargate project significantly boosted Nvidia’s future prospects. President Donald Trump’s announcement of Stargate has positioned Nvidia to benefit significantly from a $500 billion investment aimed at building advanced AI infrastructure in the U.S. over the next four years.

Oracle (ORCL) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

With its current market cap of $3.34 trillion, Nvidia has the potential to reach a $10 trillion valuation within the next decade by leveraging its strengths in critical sectors and seizing new opportunities.

U.S. stock index futures held steady Wednesday evening after the SP 500 hit a record high, driven by Netflixs strong earnings and optimism over President Donald Trumps AI investment initiative. SP 500 Futures were flat

SK Hynix Inc (KS:000660), a key Nvidia supplier, reported a record fourth-quarter operating profit, soaring 2,236% to 8.08 trillion won ($5.64 billion), slightly exceeding Reuters forecast of 8 trillion won.

Shares of Oracle ( ORCL 6.75%) are flying higher on Wednesday. The company's stock is up 6.4% as of 11:20 a.m. ET, but gained as much as 11.3% earlier in the day. The sharp move came as the S&P 500 and the Nasdaq Composite gained 0.7% and 1.3%, respectively.

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 (NYSE:ORCL) shares are trading higher premarket on Wednesday. On Tuesday, the company disclosed new AI agents and generative AI features in Oracle Fusion Cloud Sales to enhance sales engagement and streamline processes.