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Live Stock Financial Podcast. What are you watching on the market?
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Live Stock: Stargate Rivals the Scale of the Manhattan Project, Musk Said it's a Pipe Dream

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Kevin Travers joined discussion · Jan 22 23:45
Live Stock: Stargate Rivals the Scale of the Manhattan Project, Musk Said it's a Pipe Dream
Happy Wednesday, investors; it's January 22nd. Trump and friends announced a planned $500 billion project called "Stargate," a Manhattan project-sized venture to invest in homegrown AI data centers over the next four years.
$Oracle (ORCL.US)$  flew 6% Wednesday after boss Larry Ellison joined Trump, OpenAI's Sam Altman, and Softbank's Masayoshi Son in the White House to announce the plan to pour billions into AI infrastructure over the next four years, starting with an initial investment of $100 billion. Ellison said they already started building 10 data centers under construction in Texas and said AI would cure all diseases.
Elon Musk, not to be left out of the attention, said that the firms mentioned would have trouble coughing up the money in Twitter posts. Maybe he was just jealous they were not going to use Grok. After all, Musk is a half trillionaire; maybe he could help finance a joint AI venture.
$Arm Holdings (ARM.US)$ flew 15% Wednesday, the highest among AI semiconductor related stocks, in part after the news. $NVIDIA (NVDA.US)$ climbed 3%. Arm led the Nsadaq 100 in percentage gainers Wednesday.
$Netflix (NFLX.US)$ reported quarterly earnings of $4.27 per share Tuesday and reported global subscriber additions 18.9 million, double most estimates. It's the last quarter the firm said it would report sub counts and its major beat sent the stock 11% higher Wednesday, the highest percentage gainer on the S&P 500.
Within industry themes tracked by moomoo, $NVIDIA Portfolio (LIST20882.US)$ firms were climbing the highest, up 13% overall after Stargate hype.
Elsewhere in the economy,   $Crude Oil Futures(APR5) (CLmain.US)$ remained at $75. Gold and silver climbed, and treasuries mostly climbed.   $Bitcoin (BTC.CC)$ hovered at $104,000, having jumped slightly after the SEC said it would build a regulatory framework.
Overall, the market climbed, with hope for the future of AI.
Just past 11:17 am ET the     $S&P 500 Index (.SPX.US)$ traded +0.67%, the         $Dow Jones Industrial Average (.DJI.US)$ climbed 0.12%, and the     $Nasdaq Composite Index (.IXIC.US)$ climbed 1.27%.
Macroeconomic news this week is light in terms of traditional releases but in terms of executive orders and 2025 projects initiated by the new Trump regime, it is full of news.
Yesterday, as users digested a flurry of political news, others were talking about Netflix and earnings reports. It's a busy time for investors, so:
Traders, what do you think? What are you watching on the stock market today? What is the herd following? Let me know in the comments below! $S&P 500 (LIST91326.US)$
Want to keep up to date with the market and all its feelings-driven swings, all in under three minutes? Click here to follow the Live Stock Podcast topic. Comment below or in the hot topic for a chance to appear on the podcast! I want to talk about what you are investing in!
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
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