Chip Stocks Shine. Arm Holdings Rockets 16%; SOXL up 6%; Nvidia up 4.5%
Tiger Newspress01-22 22:52
Chip Stocks Shine. Arm Holdings Rockets 16%; SOXL up 6%; Nvidia up 4.5%; Applied Materials up 3%.
President Donald Trump on Tuesday announced a major investment in artificial-intelligence infrastructure that calls for OpenAI, SoftBank Group Corp. and Oracle Corp. to create a joint venture named Stargate that will focus on data centers and other infrastructure projects.
On Monday, Trump revoked an order requiring AI developers, that pose a risk to national security, to share any results of safety tests with the government before they are disclosed to the public.
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