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

Stargate, a joint venture between Open AI, Oracle, and SoftBank, will invest $500 billion in building AI infrastructure across the U.S.

According to OpenAI, The Stargate Project is a new firm that will invest $500 billion in developing AI infrastructure in

Nvidia stock was sliding on Thursday as a business partner’s weak outlook took some of the shine off President Trump’s artificial intelligence announcements. Shares were down 1.8% to $144.50 in premarket trading.

SK Hynix Inc.’s shares slid after record quarterly results failed to impress investors grappling with stagnant smartphone demand and questions about AI spending in 2025.

South Korea's SK Hynix on Thursday posted a record quarterly profit as the Nvidia supplier saw strong sales of advanced chips such as high-bandwidth memory (HBM) used in generative artificial intelligence chipsets.

Nvidia (NVDA) is leading the artificial intelligence (AI) revolution. The company’s graphics processing units (GPUs) are deemed essential to develop and deploy generative AI applications and large language models (LLMs).

Under the Trump administration, OpenAI and other members of the tech sector are making a push to establish AI dominance in the U.S.

Stargate identified NVIDIA NVDA, Microsoft MSFT, and British chip designer Arm (ARM) as "key initial technology partners" to build U.S.-based data centers to power artificial intelligence advancements. OpenAI revealed that $100 billion would be deployed immediately, with up to $500 billion invested over the next four years.