Stargate's Winners: ORCL, NVDA, MSFT, ARM
@JC888:
US’s Stargate Project. On Tue, 21 Jan 2025 President Trump announced billions in private sector investments to grow artificial intelligence in the US and build massive new data centers for OpenAI. The Big Picture. It is official. 4 companies will convene under a joint venture (JV) called “Stargate”. The 4 companies are: OpenAI. SoftBank where Masayoshi Son will be the chairman of Stargate. $Oracle(ORCL)$. UAE's MGX - an Emirati investment firm specializing in AI technologies, launched by the Abu Dhabi government in 2024. Collectively, they will commit $100 billion for the startup immediately, with the remaining $400 billion to be invested over the next 4 years. This will help the US stay ahead of China and other rivals in the global AI race, said