Project Stargate, announced by former President Trump, could kick off a wave of massive AI investments across the U.S., analysts say. Wedbush Securities expects more big tech players to follow, predicting up to $1 trillion in AI commitments over time.
The initiative starts with $100 billion from Oracle (NYSE:ORCL), SoftBank (SFTBY), MGX, and OpenAI to build data centers in Texas, with plans to expand to $500 billion in the next four years. Oracle co-founder Larry Ellison confirmed 10 initial data centers in Abilene, with expansion to 20.
Nvidia (NASDAQ:NVDA), Arm (NASDAQ:ARM), and Microsoft (NASDAQ:MSFT) are also key partners with each of their stocks finishing in the green. Bank of America sees the project as a potential positive for Oracle but warns of near-term margin pressures.
Analysts also note rising competition in AI infrastructure, with Amazon (NASDAQ:AMZN) and Google (GOOG, GOOGL) watching closely as Stargate positions itself for U.S. government AI projects and broader cloud services.
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