Reported about 7 hours ago
Nvidia's stock jumped over 4% following Trump's announcement of a $500 billion AI infrastructure project named Stargate, initially funded by major tech players like SoftBank and Oracle. The initiative aims to boost U.S. data centers for AI, with immediate plans to deploy $100 billion and a total investment of up to $500 billion over four years. This news led to significant gains in tech stocks, including a nearly 4% rise in Microsoft shares and a 14% surge in Arm's stock.
Source: YAHOO