The "Stargate" blows up global technology and industrial stocks
As one of the companies participating in the program, Oracle once rose over 9.5%, while Microsoft also increased by more than 4%. In the European stock market, Schneider Electric and Prysmian stocks reached historical highs. In the Asian stock market, major participant SoftBank's stock price surged by 11%, and A-share companies such as Industrial Fulian, New Asia Electronics, and Huamai Technology in the AI hardware and data center sectors saw significant gains
As soon as Trump took office, technology and industrial stocks received a strong boost.
On Wednesday local time, Trump announced a massive artificial intelligence investment plan: "Gateway to the Stars," with an expected investment scale of up to $500 billion. Initial investment institutions include SoftBank, OpenAI, Oracle, MGX, and others.
This "star project," which was born with a halo, undoubtedly greatly boosted global technology and industrial stocks, with the Nasdaq 100 index, led by technology stocks, soaring and the S&P 500 index reaching a new high.
In the U.S. stock market, Oracle, as one of the companies participating in the plan, once surged over 9.5%, before retreating to 6.75%.
Other U.S. companies related to artificial intelligence, such as NVIDIA, Broadcom, and Arm, saw increases ranging from 2% to 7%.
Microsoft also rose over 4%.
In the European stock market, many related stocks reached historical highs.
French company Schneider Electric, a major supplier of electrical equipment for data centers and other infrastructure, surged 3.4% on the Paris stock market, reaching a new high.
Italian cable manufacturer Prysmian saw its stock price rise 3.4%, also reaching a historical high.
German Siemens Energy and ABB, both of which provide power hardware for artificial intelligence infrastructure, rose 6.5% and 3.8%, respectively. Angelo Meda, head of stocks at Italian Banor SIM, stated:
“These companies belong to an investment basket focused on electrification, data centers, and energy transport infrastructure, which benefit from current trends such as artificial intelligence and electric vehicles." ”
In the Asian stock market, SoftBank's stock price surged by 11%, with trading volume reaching five times that of the previous trading day on Wednesday. It was reported that Masayoshi Son will serve as the chairman of the "Stargate" program.
Yesterday, A-share computing power concept stocks strengthened against the trend, with sectors such as liquid cooling, copper high-speed connections, CPO, liquid cooling servers, and data centers leading the gains. Stocks like Industrial Fulian, New Asia Electronics, Huamai Technology, Ruiskanda, and Senyuan Electric hit the daily limit.
