Trump, making a bold move! SoftBank, investing $100 billion! Microsoft and Nvidia, soaring

Trump's bold move!

NVIDIA and Microsoft soar

Microsoft and NVIDIA surge after-hours, ARM and Oracle up nearly 4%.

President Trump announced an ambitious artificial intelligence project. Trump stated that OpenAI, SoftBank and Oracle would form the "Stargate" project to invest at least $500 billion in artificial intelligence infrastructure, which is expected to create 100,000 jobs.

ARM Holdings, Microsoft, NVIDIA, Oracle, OpenAI will be the initial technology partners of the (U.S. Stargate AI project), according to the news.

OpenAI said that the "Stargate" project plans to invest $500 billion over the next four years to build a new artificial intelligence infrastructure for U.S. OPENAI, and will immediately deploy $100 billion, with Masayoshi Son serving as chairman.

SoftBank CEO Masayoshi Son said that it will immediately invest $100 billion in the U.S. for artificial intelligence.

New Oriental Education & Technology Group tumbles

Last night, European and American stock markets closed collectively, with the Dow Jones Industrial Average up 1.24%, the S&P 500 Index up 0.88%, and the Nasdaq up 0.64%.

Chinese stocks rose and fell, with the Nasdaq China Dragon Index falling 0.36%, and individual stocks, Century Internet up more than 12%, New Oriental Education & Technology Group down more than 23%. On the news front, Oriental Zhanxuan released its half-year report as of November 30, 2024. The report showed that Oriental Zhanxuan's half-year revenue was Rmb2.187bn, down 9.3% from Rmb2.411bn in the same period last year.

Moreover, several institutions have downgraded New Oriental Education & Technology Group's rating after the release of the report.