Market
Will Oracle stock rise 10%+ post-Stargate AI announcement by Mar 31, 2025?
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Donald Trump•United States•OpenAI•SoftBank•Oracle•Stargate•Texas•Masayoshi Son•Sam Altman•Larry Ellison•White House
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Story
Trump Announces $500 Billion Stargate AI Venture with OpenAI, SoftBank, Oracle
Jan 21, 2025, 06:00 PM
President Donald Trump is set to announce a significant private sector investment to build artificial intelligence infrastructure in the United States. OpenAI, SoftBank, and Oracle are planning a joint venture called Stargate, with an initial commitment of $100 billion, potentially scaling up to $500 billion over the next four years. The project will begin with establishing data centers and an AI supercomputer in Texas. Executives including Masayoshi Son of SoftBank, Sam Altman of OpenAI, and Larry Ellison of Oracle are expected to visit the White House for the announcement, scheduled at 4 p.m. Shares of AI-linked companies, including Oracle, have risen in anticipation of the announcement.
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