The Biggest Beneficiaries of the $500 Billion Stargate Project Might Not Even Be AI Companies. Here Are 2 Other Stocks I'm Keeping a Close Eye On.
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Shortly after taking office, President Donald Trump held a summit at the White House declaring that the technology world's biggest and most influential companies, Oracle, SoftBank, and OpenAI, would be investing $500 billion into AI infrastructure projects in the U.S. over a period of four years.In hindsight, this announcement shouldn't come as a surprise to investors, thanks to massive strides made in artificial intelligence (AI) technology that led to its widespread adoption. Over the last few years, even before this latest announcement, companies have been spending billions building new data centers equipped with high-performance networking equipment, server racks, and of course, clusters of graphics processing units (GPUs).On the surface, it's easy to assume that hyperscalers such as Oracle, Amazon, Alphabet, and Microsoft would be the biggest beneficiaries from Stargate. Or what about chip stocks like Nvidia and Advanced Micro Devices?Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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