As news trickled out about President Trump’s announcement of a new $500 billion Stargate joint venture focused on artificial-intelligence infrastructure, some potential beneficiaries emerged. Companies such as Oracle Corp.

The past few years have been undeniably profitable for Nvidia ( NVDA 4.43%) investors. The stock price has surged more than sevenfold over the past two years, and today, it topped the charts as the world's most valuable company in terms of market cap. The stock was up as much as 4.7% Wednesday morning. At 12:32 p.m. ET, the stock was still up 4.1%.

On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project, by far, in history."

Former SoftBank exec Akshay Naheta's startup, Distributed Technologies Research, is trying to bridge the gap between banking and blockchain tech. Akshay Naheta, a former SoftBank dealmaker, builds new-age pipes to modernize global payment networks.

Software giant Oracle and Japan’s SoftBank Group saw their share prices rise ... “continue to increase its consumption of Azure.” Nvidia, whose chips power much of the underlying ...

SoftBank Group shares jumped after the company and ChatGPT-maker OpenAI announced plans to invest up to half a trillion dollars in artificial-intelligence infrastructure in the U.S. Shares rose 8.8% to 10,060 yen, or equivalent to $64.69, on Wednesday in Tokyo, after climbing as much as 9.2% earlier, to their highest level since July.

TOKYO--Japanese technology group SoftBank swung back to profitability ... and artificial intelligence company Nvidia. SoftBank makes investments in a variety of companies that it groups together ...

(Bloomberg) -- SoftBank Group Corp., OpenAI ... Arm Holdings Plc, Microsoft Corp. and Nvidia Corp. will provide technology, along with Oracle and OpenAI, it said. Trump has signaled a wide ...

SoftBank Group shares jumped after the company and ... Oracle and Abu Dhabi-based MGX, with Microsoft and Nvidia serving as key technology partners. Its first project will be in Texas, with ...

The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

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.