The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

President Trump is reportedly planning to announce major AI infrastructure investments, signaling a willingness to work alongside large technology companies.

On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project, by far, in history."

Nvidia (NASDAQ: NVDA) and Microsoft (NASDAQ: MSFT) are pioneers in artificial intelligence (AI) as both companies have played central roles in bringing this technology mainstream. While Microsoft-backed OpenAI kicked off the AI craze when it launched the highly popular ChatGPT in November 2022,

Global industrial and technology stocks including Oracle and Schneider Electric rallied on Wednesday after U.S. President Donald Trump unveiled a massive artificial intelligence investment push.

Shares of Nvidia, Microsoft, Oracle, and other AI-related companies surged Wednesday after the Trump administration’s announcement of a $500 billion joint venture spurred optimism about a rising tide of AI investments.