📈 Trump Doubles Down on AI
These stocks will benefit from it.
AI Infrastructure Investment
After hours yesterday, President Trump announced that there will be a $500B investment in the coming years to fuel American AI development in a project dubbed “Stargate.”
With AI being the next frontier of tech, the investment aims to keep the US ahead of China in the AI arms race.
SoftBank is providing funding and Oracle and OpenAI are joining forces to help expand the country’s AI infrastructure.
Stocks to Watch
Upon this announcement, we saw AI-related stocks soar across the board, including ORCL, NVDA, VST, CEG and others.
While any companies in the AI space will benefit from this news, AI power names stand to gain the most from this investment.
We’re seeing clean breakouts in names like VRT and VST.
While Oracle made a large move yesterday and is gapping up today, it’s a name that hasn’t yet broken out to all-time highs, but clearly is going to benefit from being involved in Stargate.
Today will be its first time trading above the 55 SMA since its gap down on earnings.
There’s a ton of headlines that came out yesterday that moved the market. For more detail on what you need to know going into the trading day, watch this video: