The Latest Breaking News from Stargate

Samsung and SK hynix have agreed to supply undiced DRAM wafers to OpenAI’s Stargate project, which could consume up to 900,000 wafers per month, or about 40% of global DRAM output, as Stargate is gearing up for unprecedented expansion.

OpenAI, Oracle Corp (NYSE:ORCL) and SoftBank Group (OTC:SFTBF) (OTC:SFTBY) on Tuesday announced plans to build five new U.S. data centers as part of the $500 billion Stargate project, a massive private-sector effort to power the next wave of artificial intelligence.

SoftBank Group Corp. (OTC:SFTBY) (OTC:SFTBF) shares surged 10.47% to JPY 13,875 ($94.11) on Friday on the Tokyo exchange following the company’s first quarter of 2026 earnings call, where executives highlighted massive gains from artificial intelligence investments while acknowledging delays in the ambitious Stargate data center project.

Each gas turbine delivers 34MW, with the 29 units delivering almost 1GW.

Oracle Corporation (NYSE:ORCL) has partnered with OpenAI to expand the Stargate data center capacity in the U.S. by 4.5 gigawatts. This strategic investment aims to bolster the U.S.’s AI leadership and foster industrial growth.

OpenAI and Oracle plan to add 4.5 GW of U.S. data center power for the Stargate project, boosting total capacity past 5 GW to support millions of AI processors.

That's a lot of graphics cards.

Oracle Corp.’s (NYSE:ORCL) cloud-services agreements have positioned the company as a leading force in the hyperscale cloud industry, according to analysts. The deals, which could add over $30 billion in yearly revenue by 2028, have sparked optimism about Oracle’s long-term growth prospects.

The first data center for a $500-billion artificial intelligence project arrives in small-town Texas, alongside a potentially harmful natural gas plant.