Image Source: Pexels

In a bullish opening salvo, the new Trump administration announced the opening of the Stargate project. Now, this isn't the Stargate that exported people from earth to an extragalactic planet, but rather a portal opening the way to artificial intelligence infrastructure investment in the United States.

In this unveiling, Japan’s SoftBank announced a $100 billion investment, with OpenAI taking operational responsibility and other tech giants throwing in for the AI infrastructure plan.

The news helped bolster an otherwise listless market; tech names like Microsoft (MSFT), Nvidia (NVDA), Arm Holdings (ARM), and Oracle (ORCL) moved sharply higher following the announcement.

These tech companies may have SoftBank CEO Masayoshi Son to thank for today’s shot in the arm, but Netflix (NFLX) should be thanking their subscribers for lifting the stock nearly 10%. The streaming giant’s earnings report indicated subscriber growth exploded in the preceding quarter.

So, we’ve had a big boost from a couple of announcements, like earnings and the Stargate. Of course, any form of travel - even a stargate - requires fuel.

That begs the question: How much fuel is left in this market’s tank? Let’s dive in and answer that tonight…

Video Length: 00:13:12

More By This Author:

Trump's Going To Be Great For... China Stocks?
How Markets Did On The First Day Of Trump Ii
Now, About That Bullish Correction