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.

Live Updates Stocks on the Move Today 10:57 am Looking at a heat map of the market today, there’s a lot of red. Berkshire Hathaway (NYSE: BRK.B) is down 2%. Healthcare stocks are uneven with Johnson & Johnson (NYSE: JNJ) down 3% following earnings.

Following his inauguration, President Donald Trump unveiled what he calls “the largest AI infrastructure project in history.” Dubbed Stargate, the $500 billion joint venture between OpenAI, Oracle (ORCL),

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,

Microsoft (MSFT.O) has announced that it changed some key terms of a deal with OpenAI after the ChatGPT creator announced a joint venture with Oracle (ORCL.N) and Japan's SoftBank Group (9984.T) to build up to $500 billion of new AI data centers in the United States.

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.

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.

Shares of Oracle ( ORCL 6.75%) are on the move today. The firm's stock is up 5.7% as of 1 p.m. ET. The leg up comes as the S&P 500 ( ^GSPC 0.61%) and Nasdaq Composite ( ^IXIC 1.28%) gained 0.6% and 0.3%, respectively.

OpenAI has announced that it's teaming up with Softbank and Oracle on $100 billion data center project in the U.S.

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.

Companies such as Oracle Corp. (ORCL), Nvidia Corp. (NVDA), Microsoft Corp. (MSFT) and SoftBank Group Corp. (JP:9984) were involved in the initiative and saw their stocks move higher on the ...

Initial equity funders for the "Stargate Project" are OpenAI, Oracle (ORCL), SoftBank (9984.T) and MGX, while Nvidia is one of the initial technology partners. Ben Barringer, technology analyst at Quilter Cheviot, said: "This development is undeniably a ...