As discussed at today’s press conference, Stargate will immediately start deploying $100 billion into data center construction with a long-term objective of $500 billion.
Trump estimated the project will create 100,000 jobs in the United States.
In addition to Oracle, SoftBank and OpenAI, Trump mentioned that the leading AI semiconductor producer NVIDIA (NVDA) will be directly involved, along with Microsoft (MSFT) via its relationship with OpenAI.
Energy is a critical element of the project and among the reasons it required direct government involvement and coordination.
AI data centers consume enormous amounts of energy. The project calls for the creation of numerous power generation plants on-site.
Curing cancer
One of the more compelling elements of today’s presentation was the description of the potential impact on health care.
Ellison offered as an example the ability to use AI computing capability to identify cancer cells through fragments in the blood stream and then develop customized vaccines for patients.
While most infrastructure projects typically involve fixing up roads and bridges, this one, quite literally, aspires to cure cancer. The example was offered to illustrate for the public the vast positive impact that AI could have on society.
Masa excitedly spoke about taking AI from mere artificial general intelligence—when computers have the same intelligence level as humans—to artificial super intelligence—when computers “solve the problems mankind could never solve.”
We anticipate the project will positively affect investors as well—in a potentially significant way.
This includes several companies that have been recently profiled within the 76report as well as several additional companies held across the Model Portfolios.
Below we provide our initial analysis of the impact of this announcement on four stocks that we continue to recommend….
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