Oracle, Nvidia and other Big Tech stocks jump as Trump rolls out Stargate AI initiative

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  Trump Announces Project Stargate, a Massive New Investment in AI

  The venture involves OpenAI, Softbank, and Oracle, and starts with an investment of $100 billion.
  
  Inc. - 5h
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  Trump announces 'Stargate' AI infrastructure project with 'colossal data centers'

  President Trump is joined by Larry Ellison, Masayoshi Son and Sam Altman to announce a new American company that will invest $500 billion in AI infrastructure.
  
  NBC News - 5h

• Oracle shares jump 7% on involvement in AI infrastructure initiative that Trump will announce

  Oracle will be involved in a joint venture for artificial intelligence infrastructure in the U.S. that President Trump will announce.
  
  CNBC - 7h

• Richemont stock is surging by the most ever. Other luxury plays are jumping too.

  The struggling European luxury-goods sector roared to life Thursday after Richemont reported its highest-ever quarterly sales as it blew by analyst estimates.
  
  MarketWatch - 5d

• Don't be fooled by Nvidia stock's slide after CEO Jensen Huang laid out an AI roadmap

  The CEO's product announcements are not as important as the long-term vision he presented.
  
  CNBC - Jan. 7

More from MarketWatch

• Tesla’s ‘Trump bump’ fades as stock falls alongside rest of EV sector

  Investors still expect Musk to benefit more broadly from Trump 2.0.
  
  MarketWatch - 2h

• United Airlines stock rallies on results, as growing demand wasn’t just about premium seats

  Shares of United Airlines rallied in after-hours trading Tuesday, as a record number of travelers lifted fourth-quarter results and the company offered an upbeat forecast for the first quarter.
  
  MarketWatch - 2h

• Netflix’s stock surges as huge subscriber beat goes beyond traction with sports

  Analysts predicted live sports might power a Netflix subscriber beat. But as the company trounced the expectations, management said sports drove only a “small minority” of additions.
  
  MarketWatch - 3h

• The rich and famous don’t fear a stock market bubble. That’s why you should.

  Elites at Davos believe ‘asset bubble bursts’ is a low risk over the next two years.
  
  MarketWatch - 3h

• Netflix is raising prices. Here’s how much more your plan will cost.

  Netflix is raising the price of its standard ad-free plan for the first time in three years, though it will still cost less than the comparable version of Hulu,
  
  MarketWatch - 3h

More in Business

• Trump pardons Silk Road creator Ross Ulbricht

  President Trump grants full pardon to Silk Road founder Ross Ulbricht, early bitcoin advocate.
  
  CNBC - 3m

• Trump pardons Silk Road creator Ross Ulbricht

  President Trump grants full pardon to Silk Road founder Ross Ulbricht, early bitcoin advocate.
  
  CNBC - 3m
• 

  SoftBank and OpenAI back sweeping AI infrastructure project in US

  Donald Trump calls $100bn initiative a ‘declaration of confidence in America’
  
  Financial Times - 20m
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  2 Families, in Business 50 Years, Fight for Control of Korea Zinc

  Control of Korea Zinc, the world’s largest producer of zinc, is at stake in a battle challenging the country’s entrenched chaebol system of powerful conglomerates.
  
  The New York Times - 40m

• Trump says he's considering a 10% tariff on China beginning as soon as Feb. 1

  On Tuesday, President Donald Trump floated a 10% duty on China, with an expected start date of Feb. 1.
  
  CNBC - 1h