American CBS, citing sources familiar with the matter, reported that the new Trump cabinet plans a record AI infrastructure investment, with Oracle forming 'Stargate' project, together with SoftBank and OpenAI. According to CBS, the new US president will announce it publicly. The Oracle shares surges almost 6% after the reports. As for now, details remain undisclosed.
Source: xStation5
The overall sentiments on Wall Street are very strong today, especially in the software and semiconductors sector. The biggest 'looser' today is Apple (AAPL.US).
Source: xStation5
Daily summary: Nervous anticipation, SaaS sell-off and weak macro data
“SaaS-pocalypse” continued
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