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

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

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.

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.

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.

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

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

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.

MILAN/PARIS (Reuters) - European industrial stocks such as Schneider Electric (EPA: SCHN) and Prysmian (BIT: PRY) surged on Wednesday as traders warmed up to prospects of their U.S. business after Donald Trump unveiled a new artificial intelligence (AI) investment push.

Microsoft said it has "revenue sharing agreements that flow both ways" with OpenAI. "The key elements of our partnership remain in place for the duration of our contract through 2030, with our access to OpenAI’s IP, our revenue sharing arrangements and our exclusivity on OpenAI’s APIs all continuing forward," Microsoft said.