3 Potential AI Stock Winners From the $500 Billion Stargate Project

If there were any fears that spending on artificial intelligence (AI) infrastructure was about to slow down, that was put to rest when President Donald Trump announced the new Stargate AI project last week. Backed by OpenAI, Oracle (NYSE: ORCL), and Japan's Softbank, the consortium plans to spend $500 billion over the next four years building out data centers to help handle the growing AI workload.The consortium plans to initially construct 10 data centers and then expand to 20. Oracle Chairman Larry Ellison said data center construction was already underway, with the first set to be built in Abilene, Texas. Softbank is the main financial backer, with $100 billion set to be deployed immediately.The project announcement said Oracle, Nvidia (NASDAQ: NVDA), and OpenAI would collaborate to build and operate the venture's computing system, while OpenAI would be responsible for overseeing the venture's operations.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool