Wall Street analysts are optimistic about the "Stargate" project: it could usher in a new era of large-scale AI investment in the United States.

Analysts say that Trump's announcement of the "Stargate" project could herald a "massive" era of artificial intelligence investment in the United States, although the broader impacts may not be fully understood for some time. Analysts at Wedbush Securities wrote in a client report, "We believe this is the start of a massive wave of AI investment in the United States. We expect more major tech companies to announce news in the coming weeks." "Stargate is really focused on the construction of data centers in the United States. In the end, we believe that with Silicon Valley's momentum, other large tech companies in the United States may invest another trillion dollars in artificial intelligence." On January 21st local time, Trump announced at the White House that OpenAI, SoftBank, and Oracle Corporation would jointly invest $500 billion to promote the development of AI infrastructure in the United States. Trump said that these three companies had joined forces to create a project called "Stargate," which will build the physical and virtual infrastructure needed for the next generation of AI, including data centers distributed across the United States. He called it the "largest AI infrastructure project in history." It is reported that Microsoft Corporation, Arm, and NVIDIA Corporation are participating in the project as technical partners. The Middle East AI Fund MGX will invest alongside SoftBank. OpenAI said in a statement, "The Stargate project plans to invest $500 billion over the next four years in building new AI infrastructure for OpenAI in the United States. We will start deploying $100 billion immediately. This infrastructure will ensure America's leadership in AI, create hundreds of thousands of jobs in the United States, and bring enormous economic benefits to the world. The project will not only support America's industrial revitalization, but also provide strategic capabilities to protect the security of the United States and its allied countries." Although the financial details of the partnership are unclear, according to SoftBank's recent quarterly disclosure, SoftBank has $245 billion in liquidity. Brad Sills, an analyst at Bank of America Corp, believes that the collaboration may be "good news" for Oracle Corporation. Despite some initial concerns, Brad Sills believes that Oracle Corporation's participation in the project will not have a significant impact on Microsoft Corporation's partnership with OpenAI. Following the announcement of the Stargate project, Microsoft Corporation stated in a blog post that the key terms of its partnership with OpenAI remain unchanged, particularly in terms of exclusive access to the OpenAI API. OpenAI also stated that it will continue to increase its consumption of Azure through continued collaboration with Microsoft Corporation. The broader impact of the Stargate project is still unknown. However, analyst Justin Post of Bank of America Corp believes that it could lead to increased competition in AI workloads for Amazon.com, Inc. and Alphabet Inc. Class C. Justin Post remarked, "The Stargate project could potentially put the United States government in a favorable position for using AI and may compete with AWS in other AI workloads." "In the short term, we believe the Stargate project could drive positive construction of infrastructure and data centers, with other long-term investment areas potentially including chip manufacturing, component manufacturing (packaging, memory, integrators), network infrastructure, energy production, and power management."