Former President Trump unveils $500 billion AI infrastructure project with support from tech giants

From Nasdaq: 2025-01-23 08:00:00

Former President Donald Trump announced a $500 billion AI infrastructure initiative through a new company called Stargate, with funding from SoftBank, OpenAI, Oracle, and MGX. Tech stocks like NVIDIA, Microsoft, and Arm surged on news of the project, which aims to advance artificial intelligence technology with up to $500 billion in investments.

NVIDIA became the world’s largest company after its stock rose over 4%, along with gains in Microsoft, Arm, Oracle, and SoftBank. Analysts see the Stargate initiative as a strategic move in the U.S.-China AI competition, following the Biden administration’s efforts to restrict AI chip exports to China and accelerate domestic data center construction.

Investors can keep an eye on AI-focused ETFs like BOTZ, AIQ, ROBO, ARKQ, and ROBT as the Stargate project unfolds. With significant investments in AI technology, these ETFs could see increased interest and performance. Stay informed with Zacks’ free Fund Newsletter for top news and analysis on ETFs each week.



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