The $500 billion Stargate project will be critical to "maintain American leadership in AI," one of the partners said in a statement.

Stargate, a joint venture between Open AI, Oracle, and SoftBank, will invest $500 billion in building AI infrastructure across the U.S.

Nvidia stock reversed course Thursday after rallying earlier this week on the back of President Trump’s announcements on artificial intelligence. Investors had been worried about a slow rollout of the company’s advanced Blackwell chips but a flagship $500 billion AI plan is soothing those fears.

Nvidia (NVDA) is leading the artificial intelligence (AI) revolution. The company’s graphics processing units (GPUs) are deemed essential to develop and deploy generative AI applications and large language models (LLMs).

President Trump announced a major AI infrastructure investment of “at least $500 billion,” signaling a willingness to work alongside large tech companies.