March Nasdaq 100 E-Mini futures (NQH25) are trending up +0.82% this morning as optimism over more artificial intelligence spending under Donald Trump and strong quarterly results from Netflix boosted sentiment.
U.S. President Donald Trump announced Tuesday billions of dollars in private-sector investments aimed at building artificial intelligence infrastructure in the United States. OpenAI, SoftBank, and Oracle announced plans to create a new company, named Stargate, which will develop “the physical and virtual infrastructure to power the next generation of AI,” including data centers around the country. The companies will initially invest $100 billion in the project, with additional firms expected to join the venture, bringing total investment in the program up to $500 billion over the coming years. The project is expected to create over 100,000 jobs, with construction already in progress in Texas. “We’re starting off with tremendous investment coming into our country at levels that nobody’s really ever seen before,” Trump said at the White House.
