Stargate

As OpenAI, Oracle Corp. (NYSE:ORCL) and SoftBank push forward with the $500 billion Stargate Project—an ambitious plan to build the world's largest AI infrastructure in the United States—industry watchers are closely eyeing Advanced Micro Devices, Inc.‘s (NASDAQ:AMD) next-generation chips as...

OpenAI is reportedly seeking to raise $40 billion in funding, with major investments from Saudi Arabia's Public Investment Fund (PIF), India's Reliance Industries and the existing shareholder UAE's MGX. What Happened: Each investor could contribute at least several hundred million dollars, reported...

Oracle Corp. (NYSE:ORCL) reportedly plans to spend approximately $40 billion to purchase 400,000 of Nvidia Corp.'s (NASDAQ:NVDA) GB200 AI "superchips" to power a massive new data center for OpenAI in Abilene, Texas. What Happened: The site is part of Stargate, a $500 billion AI infrastructure...

The recent OpenAI and Oracle Corp. (NASDAQ:ORCL) partnership is set to transform AI infrastructure with the launch of their massive data center initiative, Stargate. This $100 billion project, starting with a Texas facility, has the potential to reshape semiconductor demand and high-performance AI...

Oracle Corp (NYSE:ORCL) has built a solid AI narrative, with its cloud business, government contracts and a role in the high-profile Stargate initiative. But is all this enough to justify its steep valuation? Especially as the company heads towards reporting its third quarter earnings on Monday....

Last week, the market soared on the heels of President Donald Trump's pledge to make the U.S. the "world capital of artificial intelligence and crypto." Today, this ambitious directive is coming under severe fire. On Monday, China's open-source AI model called DeepSeek R1 sent shockwaves that...

Sam Altman-led OpenAI is reportedly engaged in intricate discussions to transform into a for-profit entity, but its board is grappling with valuing Microsoft Corp.'s (NASDAQ:MSFT) stake while negotiating the worth of its new charitable division at $30 billion. What Happened: The...

After U.S. President Donald Trump announced the ambitious $500 billion Stargate project, its initial equity funders SoftBank Group (OTC:SFTBY), OpenAI, Oracle Corp., and MGX along with its technology partners Nvidia Corp. and Microsoft Corp. have been in focus. We examine which of these U.S.-listed...

Moderna Inc. (NASDAQ:MRNA) shares closed up Thursday gaining momentum following recent comments by Oracle Chairman Larry Ellison about the role of artificial intelligence in revolutionizing cancer treatment. What To Know: Ellison, speaking at a White House event, highlighted AI’s potential to...

Micron Technology Inc. (NASDAQ:MU) shares are trading lower Thursday following remarks from a supplier to Nvidia Corp. (NASDAQ:NVDA). Elon Musk also expressed doubt about the Stargate project which may be weighing on sentiment. What To Know: The broader semiconductor industry has also been impacted...

Amid growing AI adoption support from the Trump administration, Wedbush Securities elevated its price target for Palantir Technologies Inc (NASDAQ:PLTR), highlighting the company’s strategic approach to artificial intelligence. The Wedbush Securities Analyst: Dan Ives maintained his ‘...

Moderna Inc (NASDAQ:MRNA) shares are trading higher Wednesday after Oracle Chairman Larry Ellison discussed the potential of artificial intelligence (AI) to revolutionize health care. What To Know: Ellison highlighted AI’s ability to analyze blood tests for early cancer detection, identifying...

President Donald Trump announced a $500 billion initiative to supercharge the artificial intelligence infrastructure in the United States Tuesday. Flanked by tech titans OpenAI CEO Sam Altman, SoftBank CEO Masayoshi Son, and Oracle (NYSE:ORCL) Chairman Larry Ellison, Trump revealed the creation of...

Microsoft Corp. (NASDAQ:MSFT) and OpenAI are reportedly working on a supercomputer project called “Stargate” that could cost up to $100 billion. The project is expected to be operational by 2028. What Happened: Microsoft and OpenAI are in the process of planning a data center project...