40 Billion Reasons to Buy Oracle and Nvidia Stock Like There's No Tomorrow
For the last few years, many of the talking points around artificial intelligence (AI) have touched on topics such as how the technology will bring new levels of efficiency to corporate work environments or how chatbots could answer queries about virtually anything in the blink of an eye.But over the last few months, a new thread in the AI narrative has started to emerge. Infrastructure projects are coming into sharper focus as cloud hyperscalers double down on their commitments to build data centers and buy high-performance chipsets. One of these is the Stargate Project: Between now and 2029, Oracle (NYSE: ORCL), Nvidia (NASDAQ: NVDA), and OpenAI say they will invest a total of $500 billion into data centers and other digital infrastructure in the U.S. It's a plan that should have investors quite excited.Let's break down the details of the news surrounding this AI consortium, and assess why Oracle and Nvidia look like tempting buys right now.Continue reading
For the last few years, many of the talking points around artificial intelligence (AI) have touched on topics such as how the technology will bring new levels of efficiency to corporate work environments or how chatbots could answer queries about virtually anything in the blink of an eye.
But over the last few months, a new thread in the AI narrative has started to emerge. Infrastructure projects are coming into sharper focus as cloud hyperscalers double down on their commitments to build data centers and buy high-performance chipsets. One of these is the Stargate Project: Between now and 2029, Oracle (NYSE: ORCL), Nvidia (NASDAQ: NVDA), and OpenAI say they will invest a total of $500 billion into data centers and other digital infrastructure in the U.S. It's a plan that should have investors quite excited.
Let's break down the details of the news surrounding this AI consortium, and assess why Oracle and Nvidia look like tempting buys right now.
