The effort was described as a $500 billion investment in artificial intelligence. Read how a small Texas city with a population of about 130,000 fits into the plans.

Read here for more on investment opportunities in AI infrastructure and energy sector with President Trump's 'Stargate' initiative and Vistra Corp's strong financials.

Following his inauguration, President Donald Trump unveiled what he calls “the largest AI infrastructure project in history.” Dubbed Stargate, the $500 billion joint venture between OpenAI, Oracle (ORCL),

Oracle stock jumped 6% on a report that Trump plans to announce billions of dollars in private sector investment to build artificial intelligence infrastructure in the US.

Larry Ellison unveiled plans for an AI-driven cancer vaccine system that could deliver personalized treatments within 48 hours.

Oracle (ORCL) shares surged nearly 9% in pre-market ... Initial construction of data centers has already begun in Texas. Stargate venture to invest $500 billion over four years.

Texas will serve as the launch point for an effort ... Larry Ellison, co-founder and chief technology officer of Oracle (NYSE: ORCL), mentioned the project would get its start in Abilene.

Project Stargate launches with $100B AI investment, aiming for $500B, as big tech races to dominate AI infrastructure

President Donald Trump talked up a joint venture investing up to $500 billion for infrastructure tied to AI by a new partnership formed by OpenAI, Oracle and SoftBank.

Shares of Austin, Texas-based Oracle Corp. (ORCL) are on track to open at their highest level since early December after the company joined an OpenAI-led artificial intelligence (AI) joint venture named Stargate,

Oracle's shares jumped nearly 9% before the bell on Wednesday after U.S. President Donald Trump said the company would make a large investment in artificial intelligence infrastructure, alongside OpenAI and SoftBank .

In this article, we are going to take a look at where Oracle Corporation (NYSE:ORCL) stands against the ... beginning with a data centre in Abilene, Texas, that is 500,000 square feet in size.