OpenAI and Oracle plan to deploy hundreds of thousands of Nvidia chips in Texas data centers to support "Stargate"
OpenAI and Oracle plan to start deploying hundreds of thousands of AI chips from Nvidia Corporation in a newly built large data center located in Abilene, Texas over the next few months. This is part of their first facility launch and operation for the "Stargate" infrastructure project, which cost them 100 billion dollars. According to informed sources, by the end of 2026, it is expected that this data center will install 64,000 highly sought-after GB200 semiconductor chips from Nvidia Corporation. These chips will be installed in stages into multiple halls within the data center with an initial batch of 16,000 chips planned to be deployed before this summer.
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Sector Update: Consumer
01:17 PM EDT, 10/05/2026 (MT Newswires) -- Consumer stocks were higher Monday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each adding 0.4%. In corporate news, Paramount Skydance (PSKY) Chairman and Chief Executive David Ellison will be chairman and CEO of the combined company following the anticipated close of Paramount's acquisition of Warner Bros. Discovery (WBD), Paramount said. Paramount shares were up 1.6%, and Warner was fractionally higher.
Exchange-Traded Funds Rise, US Equities Higher After Midday
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