Nvidia's shares rose over 4% following President Trump's announcement of a $500 billion initiative called Stargate, a collaboration with Oracle, OpenAI, and SoftBank. This project aims to create the largest AI infrastructure in history, including extensive data centers across the U.S. Oracle's CEO disclosed that a massive data center is already under construction in Texas. With Nvidia as a primary supplier of advanced AI chips, the venture places the company in a pivotal role to benefit from this significant investment, which anticipates generating 100,000 jobs.
Nvidia is in a prime position to capitalize on the massive spending spree from the newly announced Stargate joint venture, aiming to invest up to $500 billion in AI infrastructure.
The Stargate initiative, expected to create 100,000 jobs, emphasizes a substantial commitment to building the physical and virtual infrastructure necessary for AI's future.
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