AI Stocks Surge Post-OpenAI Partnership

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AI stocks soared last week after OpenAI announced a partnership with Oracle and SoftBank that could result in up to half a trillion dollars in AI investment

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AI stocks soared last week after OpenAI announced a partnership with Oracle and SoftBank that could result in up to half a trillion dollars of investment in AI infrastructure over the next four years .

The investment announced Tuesday adds to the enormous sums that tech giants have already said they’ll spend on AI infrastructure in the coming years .

That spending has fueled a huge rally in the stocks of companies that supply the metaphorical "picks and shovels" of artificial intelligence.

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