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Elon Musk has expressed skepticism about Donald Trump's $500 billion AI initiative, claiming it lacks sufficient financial backing, particularly from SoftBank. Musk's comments followed a White House announcement of the "Stargate" project, which aims to create over 100,000 jobs and leverage AI for cancer research, with major investments from tech leaders including Sam Altman and Larry Ellison.
Project Stargate, an AI infrastructure initiative announced by the Trump administration, aims to invest $500 billion in U.S. infrastructure over the next four years, with Softbank as the lead financial partner and OpenAI as the operational partner. Nvidia, Microsoft, ARM, and Oracle are among the initial technology partners, and UBS suggests that the project will significantly rely on Nvidia's compute and hardware solutions, potentially extending Nvidia's growth beyond 2026. The firm maintains a Buy rating with a $185 price target for Nvidia shares.
YouTube star MrBeast, alongside tech entrepreneur Jesse Tinsley, has made an all-cash bid to acquire TikTok's US operations, amid ongoing uncertainty about the app's future in the country. Former President Trump expressed openness to bids from tech billionaires, valuing TikTok at $1 trillion. The app briefly shut down due to regulatory pressures but was reinstated after Trump suspended enforcement of a law requiring its sale.
Key US equity indices saw gains, with the Nasdaq 100 rising 0.58% to 21,566, bolstered by an AI infrastructure fund announcement. Despite tariff concerns, Oracle shares surged 7% post-announcement, while Netflix reported strong earnings, pushing its stock to a record high. Upcoming earnings from major tech firms and the Fed's anticipated hold on rates are set to influence market sentiment.
Elon Musk or Larry Ellison could potentially acquire TikTok, according to comments made by Trump. This speculation highlights the ongoing interest in the popular social media platform amid discussions about its ownership and future direction.
President Trump expressed openness to Elon Musk purchasing TikTok, suggesting that if Musk wanted to buy the app, he could negotiate a deal that benefits the U.S. He emphasized the app's value and mentioned the possibility of giving half of it to the U.S. in exchange for a permit. Additionally, Trump indicated that Larry Ellison could also be a potential buyer.
The Supreme Court's decision to uphold a law mandating TikTok's sale by Sunday has sparked speculation about potential buyers, including Elon Musk, MrBeast, and Kevin O'Leary. President Biden has left enforcement of the ban to incoming President Trump, who has expressed intentions to "save" the app. Concerns over Chinese government influence and data privacy have fueled the push for an American ownership structure.
UBS has revised its "Global Equity Focus List," decreasing allocations to major Big Tech stocks like Apple and Amazon while increasing investments in semiconductor firms, particularly NXP Semiconductors, Broadcom, Micron, and NVIDIA. The bank remains optimistic about the long-term growth of artificial intelligence, predicting the AI market could reach a trillion-dollar annual revenue threshold within the next decade, driven by strong capital expenditure growth and productivity boosts from generative AI adoption.
Chainlink is poised for significant growth in 2025, driven by increasing demand for decentralized oracles, strategic partnerships, and the expansion of smart contracts. Analysts predict LINK could reach an all-time high of $150 to $200, potentially placing it among the top five cryptocurrencies by market cap. Key developments, including the rollout of Chainlink 2.0, are expected to enhance its scalability and functionality, further solidifying its role in the blockchain ecosystem.
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Elon Musk questions financial backing of Trump's ambitious AI initiative
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11:51 22.01.2025
Nvidia poised for growth with Project Stargate infrastructure investment initiative
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11:45 22.01.2025
MrBeast joins bid to acquire TikTok's US operations amid uncertainty
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09:54 22.01.2025
AI announcement boosts Nasdaq 100 while Netflix shares hit record high
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07:51 22.01.2025
Trump suggests Musk or Ellison could acquire TikTok
05:16 22.01.2025
Trump supports Musk's potential TikTok purchase amid executive order reprieve
01:04 22.01.2025
potential buyers emerge for tik tok ahead of impending ban
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20:02 17.01.2025
ubs shifts focus from big tech to semiconductor firms amid ai optimism
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15:08 15.01.2025
Chainlink poised for significant growth and potential all-time high in 2025
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