Investors watched Oracle Corporation (NYSE: ORCL) surge to a closing price of $198.38 on Dec. 22, marking a gain of over 3% on heavy trading volume. While the broader technology sector has spent the last two years obsessing over which company manufactures the best artificial intelligence (AI) chips, the market is beginning to shift its focus.
Two developments—a massive U.S. joint venture and a critical infrastructure project in Michigan—suggest that the AI trade is moving into a new phase.
