NVIDIA Corporation stock NVDA and other AI stocks such as Dell Technologies Inc. DellOracle Corporation ORCL and Arm Holdings, Inc. arm Stocks are rising on Tuesday, buoyed by reports of President Trump’s massive private sector investment in artificial intelligence infrastructure.
What you need to know: According to CBS News, the joint venture, called Stargate, involves OpenAI, SoftBank, and Oracle. The partnership will commit an initial $100 billion to U.S.-based AI infrastructure projects, with total investments expected to reach up to $500 billion over the next four years.
Stargate’s first project will reportedly focus on building a large data center in Texas, with plans to expand to other states as the business progresses. The investment could confirm a growing commitment to establishing the United States as a leader in AI technology and infrastructure, and is attracting further interest from other potential investors.
NVIDIA stock rose on the news, as the company’s hardware and GPUs are critical to AI applications and data center operations. With the expected significant expansion of AI infrastructure, NVIDIA may be able to further capitalize on the increased demand for its products.
The announcement also prompted gains in other tech and AI stocks, reflecting optimism about the private sector’s role in advancing artificial intelligence capabilities. Industry leaders Masayoshi Son of SoftBank, Sam Altman of OpenAI, and Larry Ellison of Oracle are expected to announce details of the initiative at a White House meeting later today.
Price Trends: As of press time, Nvidia stock is up 2.42% at $141.09, Dell stock is up 1.37% at $111.11, Oracle stock is up 5.87% at $170.53, and Arm stock is up 4.03%, according to Benzinga Pro. The price is $155.24.
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