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Nvidia's $25.84 Billion Trading Volume Second Only to Market Leader as Oracle Invests $40 Billion in AI Chips
Generated by AI AgentAinvest Volume Radar
Friday, May 23, 2025 8:00 pm ET1min read
On May 23, 2025, Nvidia's trading volume reached $25.84 billion, making it the second-highest in the day's market activity. The stock closed with a 1.16% decline.
Oracle Corporation has announced a significant investment in Nvidia's high-performance chips, allocating approximately $40 billion to support OpenAI's new data center in Abilene, Texas. This data center is part of the Stargate Project, an initiative aimed at strengthening the U.S.'s position in the global AI race.
will purchase around 400,000 of Nvidia's GB200 chips and lease the computing power to OpenAI, with a 15-year lease agreement in place. The data center is expected to be fully operational by mid-2026. This move is seen as a strategic step to reduce OpenAI's reliance on Microsoft's computing resources, which have struggled to meet the growing demands of OpenAI's AI models.
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