From Nasdaq: 2025-05-30 17:45:00

Oracle, SoftBank, and OpenAI have formed a joint venture called Stargate, committing $500 billion to AI infrastructure in the U.S. Nvidia is involved in building a new data center for OpenAI. Oracle plans to buy 400,000 Nvidia GPUs worth up to $40 billion for OpenAI’s Texas data center, boosting its IaaS division.

McKinsey & Company predicts $7 trillion in AI infrastructure spending over the next five years, with hardware providers like Nvidia benefiting. OpenAI’s collaboration with Nvidia for data centers indicates strong demand for Nvidia’s GPUs. Despite recent stock declines, Nvidia’s role in Stargate projects could lead to a rebound, making it a potential buy.

Investors may want to consider investing in Nvidia as it secures more deals in AI infrastructure. While it wasn’t on the latest Stock Advisor list, past top stock picks like Nvidia have seen significant returns. The Motley Fool recommends considering the latest top 10 list for potential investment opportunities.



Read more at Nasdaq: Is Nvidia’s Deal With OpenAI a Game Changer?