The CEO of Oracle and close confidant of President Trump has spent nearly half a billion dollars on his vision of bringing tech to the business of growing produce.
Oracle shares are up about 54% over the past 12 months through Feb. 26. Nvidia stock gained 70% over that time. Both are poised to rise higher since each company was chosen to participate in the U.S. government's Stargate program, which plans to invest half a trillion dollars into AI infrastructure.
Artificial intelligence (AI) has been a boon for a number of businesses, including Oracle (NYSE: ORCL). AI energized the tech company's fortunes, sending its shares soaring 50% over the past 12 months through the week ending Feb.