US Stock Market Move | AI concept stocks perform strongly, Arm Holdings (ARM.US) rises more than 14%.
On Wednesday, AI concept stocks showed strong performance.
On Wednesday, AI concept stocks showed strong performance, with Arm Holdings (ARM.US) rising more than 14%, Oracle Corporation (ORCL.US) and Dell Technologies, Inc. Class C technology (DELL.US) rising over 7%, and C3.ai (AI.US) rising over 6%. On the news front, on Tuesday evening US time, at a White House event, Trump announced that OpenAI, SoftBank, and Oracle Corporation will establish a joint venture company to jointly invest in AI infrastructure. These companies will initially invest $100 billion, with plans to increase investment to as much as $500 billion in the coming years, creating an estimated 100,000 jobs in the United States.
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