ARM, ORCL, NVDA: Who Will Benefit Most From Stargate Launch?
Trump announced a new artificial intelligence infrastructure investment plan at the White House, named "Stargate."
Trump stated that OpenAI, SoftBank, and Oracle would initially invest $100 billion in Stargate, with the amount expected to increase to $500 billion over the next four years. The project will kick off with a data center in Texas, USA.
Softbank owns about 90% stake of ARM. Oracle jumps 7%, ARM rises 4%, Nvidia adds 2% after the news.
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