Oracle Takes Run at Cloud’s Big Three With Trump-Backed AI Pact
- Shares soared on the venture, building on last year’s big gain
- Trump says he is open to Ellison buying TikTok with a US stake
Oracle shares have performed like some of the tech giants that have driven the market’s gains for the past two years.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Oracle Corp. has charged out of the gate in 2025, after its best year in a quarter-century. A plan unveiled with President Donald Trump has intensified hopes that its cloud business will see a tailwind from artificial intelligence.
The stock’s latest advance came on news the software company is forming a $100 billion joint venture with SoftBank Group Corp. and OpenAI to fund an expansion of data centers to support a business in which Oracle lags behind rivals like Amazon.com Inc. and Microsoft Corp.