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Stargate – an initiative unveiled by Donald Trump on his second day as president – represents a collaborative project between OpenAI, SoftBank, and Oracle to advance artificial intelligence infrastructure in the United States. The project’s partners also include Microsoft, MGX, Arm, and NVIDIA.
The initiative involves an initial $100 billion investment to construct a data centre in Texas, with total funding potentially increasing to $500 billion over four years. Additionally, President Trump has revoked an executive order from his predecessor, Joe Biden, issued in 2023, which aimed to mitigate risks associated with AI development.
Financial markets responded with a rally in tech stocks, with Oracle’s stock (ORCL) gaining over 7% in a single day.
Technical analysis of the ORCL chart shows:
→ Price fluctuations are forming an ascending channel, and yesterday’s rally lifted the price from the lower half of the channel to its median line.
→ The price is approaching a bearish gap created on December 10 following disappointing quarterly results. This gap may act as resistance – similar to the inverse situation earlier in 2025, where the price found support at the upper boundary of a bullish gap formed after the September earnings report.
However, with support from the new administration, bulls might manage to sustain levels above $180, paving the way for a potential climb to a new all-time high around the psychological mark of $200 per ORCL share.
According to TipRanks:
→ 15 out of 27 analysts recommend buying ORCL stock.
→ The average 12-month price target for ORCL is $197.
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This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
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