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Barchart
Barchart
Sarah Holzmann

Trump Just Announced Stargate. Is This the Best Stock to Buy for the Next 4 Years?

Oracle Stargate Donald Trump United States Larry Ellison ORCL

On his second day in office, President Donald Trump shook up the tech world when he announced Stargate, a $500 billion investment into infrastructure for artificial intelligence (AI). Oracle (ORCL), SoftBank (SFTBY), and OpenAI have been called on to form the joint venture, and executives from each company have already met with Trump to discuss the work. Their goal is to invest at least $500 billion in AI infrastructure within the U.S. and create at least 100,000 jobs. Trump says this is part of a broader plan to “keep [AI] in this country,” referencing competition from China. 

Oracle co-founder Larry Ellison said that work is already underway, with 10 buildings under construction in Texas. Ellison said this total will expand to 20, and Stargate will also pursue multiple locations within Texas. 

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