Oracle’s Market Cap Explodes as Trump’s Stargate Opens the AI Floodgates

Larry Ellison, Sam Altman, and Masayoshi Son might as well be rocking MAGA hats and flashing Trump watches this morning… because it looks like Trump just handed their companies a blank check.

And he kind of did, Oracle stock is up 7% this morning after President Trump unveiled a $500 billion artificial intelligence infrastructure partnership called "Stargate." And while the name sounds like Elon came up with it… Tesla isn’t on the list… this project brings together Oracle, OpenAI, Nvidia, and SoftBank, with an initial $100 billion investment in the first year alone and plans to reach half a trillion dollars over four years. 

The initiative centers on developing over 20 advanced AI data centers across the U.S., beginning in Texas (because, of course, it does… bigger is better, right?) . These facilities will be packed to the ceiling with Nvidia chips to support AI technologies like ChatGPT, which require an insane amount of computational power. OpenAI CEO Sam Altman described the project as "the most important of this era," reflecting its scale and potential impact. The data centers are set to anchor advancements in sectors like healthcare and technology.

President Trump took the stage at the White House to announce the initiative, and for once, he skipped his usual "the greatest thing you’ve ever seen, people are saying wow" routine. Instead, he kept it short and borderline insightful, emphasizing the need to keep AI advancements within U.S. borders. "AI seems to be very hot," he quipped (because Captain Obvious was unavailable), before promising to cut red tape and speed up the project. The administration’s strategy of deregulation is meant to let private companies move at breakneck speed… and maybe throw a little shade at China in the process.

Oracle’s starring role in Stargate has done wonders for Larry Ellison’s wallet. As OpenAI’s cloud computing partner, Oracle is already a key player in AI. Investors are catching on, sending Oracle stock to its highest levels in years. Ellison’s net worth ballooned by $12 billion overnight. (That’s enough to buy another Hawaiian island… or a fleet of superyachts. Take your pick Larry.) He’s now the third-richest person in the world, bumping Zuckerberg down the list. (Sorry, Zuck. Maybe it’s time for another VR headset nobody asked for… or just keep liking Jeff Bezos’ wife’s Instagram posts for the algorithm boost.)

The private sector’s $500 billion commitment is expected to create "hundreds of thousands" of jobs, according to Altman. Masayoshi Son of SoftBank also chimed in, highlighting the economic benefits, like strengthening the U.S. tech ecosystem. But not everyone’s giving a standing ovation. Critics warn that deregulation could turn AI development into a tech bro free-for-all (they have a point). On the other hand, proponents argue that less red tape means faster innovation. (Let’s just hope ChatGPT doesn’t become self-aware mid-project.)

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Stock.News does not have positions in companies mentioned.