President Trump announces $500 billion Stargate AI Project with Oracle, SoftBank, Nvidia, and Microsoft

From Nasdaq: 2025-01-24 17:00:00

President Trump announced The Stargate Project, a $500 billion AI infrastructure project, the largest in history. Oracle, SoftBank, and OpenAI are key players. Stargate plans to invest $100 billion immediately and build 10 data centers in Texas. Companies like Nvidia, Microsoft, and Arm are also involved in the project.

Oracle, SoftBank, OpenAI, and other tech giants are part of Stargate. Oracle, known for its database software, made a significant acquisition with Cerner. SoftBank invests globally in tech companies and owns Arm Holdings. OpenAI, creator of ChatGPT, has products in generative AI. Nvidia leads in AI hardware and software, while Microsoft focuses on Windows and Azure cloud computing.

Investors are eyeing Nvidia stock, with the highest projected earnings growth rate. Microsoft, Arm, and other companies involved in Stargate are also promising. Stargate aims to revolutionize AI infrastructure, with significant investments and partnerships. The project is set to shape the future of AI technology and its applications globally.



Read more at Nasdaq: Stargate AI Project: What AI Stocks Could Benefit in 2025 and Beyond?