Nvidia's stock is experiencing a surge following the announcement of a substantial $500 billion investment in artificial intelligence infrastructure in the United States. This initiative, known as The Stargate Project, is a joint venture involving OpenAI, Oracle, and SoftBank, and was unveiled at a White House event. Nvidia, as a key technological partner, is poised to benefit significantly from the increased demand for its chips, which are crucial for AI data processing and infrastructure. The immediate availability of $100 billion in funding, with the rest to be invested over the coming years, positions Nvidia to capitalize on the growing demand for AI technologies, reinforcing its role in the global AI race.
The ETF Opportunities Trust T-Rex 2X Long NVIDIA Daily Target ETF (NVDX) saw a notable increase, rising 6.09% to $16.02 as of 8:00 AM on Wednesday, January 22.