Nvidia stock was sliding on Thursday as a business partner’s weak outlook took some of the shine off President Trump’s artificial intelligence announcements.The shares were down 1.2% to $145.24 in early trading.

On Tuesday afternoon, President Donald Trump held a press conference to announce Stargate, a $500 billion artificial intelligence (AI) infrastructure project in the United States. He called it the "largest AI infrastructure project, by far, in history."

Shares of Nvidia, Microsoft, Oracle, and other AI-related companies surged Wednesday after the Trump administration’s announcement of a $500 billion joint venture spurred optimism about a rising tide of AI investments.

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

A plan to build a system of data centers for artificial intelligence has been revealed in a White House press conference, with Masayoshi Son, Sam Altman, and Larry Ellison joining Donald Trump to announce The Stargate Project.

WHEN SAM ALTMAN, boss of OpenAI, posted a gnomic tweet this month saying “There is no wall,” his followers on X, a social-media site, had a blast. “Trump will build it,” said one. “No paywall for ChatGPT?” quipped another. It has since morphed from an in-joke among nerds into a serious business matter.

OpenAI, Oracle, Softbank and MGX are investing a record amount in new AI infrastructure even as China's DeepSeek outperforms on cost.

OpenAI has introduced the Stargate Project, a bold initiative to invest $500 billion over the next four years to develop advanced AI infrastructure in the

The past few years have been undeniably profitable for Nvidia ( NVDA 4.43%) investors. The stock price has surged more than sevenfold over the past two years, and today, it topped the charts as the world's most valuable company in terms of market cap. The stock was up as much as 4.7% Wednesday morning. At 12:32 p.m. ET, the stock was still up 4.1%.

Nvidia stock jumped Wednesday, extending gains from the prior day following Trump’s announcement of a massive, $500 billion AI infrastructure project called Stargate. The project will be funded by Oracle,

SoftBank, Oracle, MGX form Stargate Project with ChatGPT maker, intend to outspend Microsoft this year Updated OpenAI, Oracle, SoftBank, and investment firm MGX on Tuesday announced plans to spend as much as $500 billion on AI infrastructure in America over the next four years,