Nvidia, tech stocks rally after Trump announces $500 billion Stargate AI project
Published On Jan 22, 2025, 10:39 AM
Former President Donald Trump announced a $500 billion investment project called Stargate for AI infrastructure, aimed at constructing data centers to advance AI technology in the US. This has caused significant stock rallies among tech companies, particularly Nvidia, Microsoft, and Oracle, which are key partners for the project. The announcement is seen as an effort to maintain US leadership in the AI domain amid competition with China. Additionally, investors are optimistic about the potential economic impact and job creation this initiative may bring, further boosting tech stock prices.
Stock Forecasts
NVDA
Positive
Nvidia has seen increased demand and stock prices are expected to continue to rise due to this massive investment in AI infrastructure, which positions the company favorably in the market. The existing positive momentum suggests a bullish outlook.
MSFT
Positive
Given its role as a primary technology partner in the Stargate project, expectation for future growth and stock price appreciation is high for Microsoft. This aligns with broader tech sector positivity following the announcement.
ORCL
Positive
Oracle, also a key partner in the Stargate project, is likely to benefit from increased investments in AI infrastructure. The current rally in tech stocks bodes well for Oracle's market performance.
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