The project will entail a joint venture between Oracle, Open AI and Softbank with the promise of investing nearly $500 billion into artificial intelligence infrastructure over the next four years. Other partners also include Nvidia, Microsoft and ARM— companies that have all been paramount to the significant AI boom in recent years.

Nvidia (NVDA) stock jumped more than 4% Wednesday, extending gains from the prior day following Trump’s announcement of a massive, $500 billion AI infrastructure project. The project creates a company called Stargate,

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