Wall Street Breakfast Project Stargate is a go
5 snips
Jan 22, 2025 A major government initiative in AI, Project Stargate, is set to revolutionize infrastructure with a $100 billion investment in Texas. It's expected to redefine the AI landscape, sparking competition against tech giants like Amazon and Google. Additionally, JPMorgan’s Dimon expresses openness to a slight increase in inflation, while small-cap stocks gain attention as potential momentum players. DIY services are evolving in response to market demands, reshaping consumer experiences.
AI Snips
Chapters
Transcript
Episode notes
Project Stargate
- Project Stargate, a new U.S. government AI infrastructure project, will see $100B in initial investment from companies like Oracle and SoftBank.
- The project aims to build data centers, starting in Texas, and could reach over $500B in investments over four years.
Dimon's Market View
- JPMorgan Chase CEO Jamie Dimon observes inflated asset prices and hopes for outcomes justifying current valuations.
- Dimon views tariffs as potentially inflationary but prioritizes national security.
Rogoff on Trump's Constraints
- Harvard economist Ken Rogoff suggests President Trump faces more constraints now than in his previous term.
- Rogoff believes current interest rates limit Trump's policy flexibility compared to when rates were zero.