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 stock jumped Wednesday, extending gains from the prior day following Trump’s announcement of a massive, $500 billion AI infrastructure project called Stargate. The project will be funded by Oracle,

The venture involves OpenAI, Softbank, and Oracle, and starts with an investment of $100 billion. On the second day of his second presidency, Donald Trump announced the creation of a joint venture with OpenAI,

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.