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,

Nvidia stock rose early Wednesday after President Donald Trump sent another signal to markets that artificial intelligence would be a priority under his new administration. The absence of Nvidia CEO Jensen Huang at the inauguration Monday stuck out as Big Tech CEOs thronged to the event.

The broad based index finished the trading day up over 0.5%, securing its first all-time closing high of 2025. The Dow Jones Industrial Average ( ^DJI) popped around 0.9%, but was unable to secure its own record, while the Nasdaq Composite ( ^IXIC) recovered from earlier losses to close up about 0.2%.

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,

Nvidia CEO Jensen Huang Huang said he will be celebrating Lunar New Year with employees.

Meanwhile, a slew of other tech executives including Elon Musk, Jeff Bezos and Mark Zuckerberg are reportedly set to attend the events on Monday.

Paul Pelosi’s trades include purchase of shares of an artificial intelligence company that has seen its stock soar nearly 50% in the last week.

The Stargate project outlines a commitment to spend $500 billion over the next four years to develop advanced AI infrastructure primarily across the United States.

The Stargate project represents a bold step toward reshaping America’s AI future. Despite criticism and scepticism from industry leaders like Elon Musk, proponents such as Sam Altman remain confident in its transformative potential.

The United States has taken another step toward cementing its leadership in artificial intelligence (AI) with the announcement of an ambitious $500 billion project spearheaded by President Donald Trump.

AI initiative Stargate, backed by Oracle, OpenAI, and SoftBank, will focus on infrastructure, starting with data centers in Texas.

Trump's America-first philosophy and penchant for deregulation will shape the AI landscape in the years to come.