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SoftBank, OpenAI, and Oracle launch $500B Stargate AI data center expansion in Ohio and four other US sites

Market News
29 Jun 2026
Crypto Briefing
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Bullish
SoftBank, OpenAI, and Oracle launch $500B Stargate AI data center expansion in Ohio and four other US sites

SoftBank, OpenAI, and Oracle are collaborating to convert a former auto plant in Lordstown, Ohio, into an advanced data center as part of the Stargate AI initiative. This project is among five new US sites added in September 2026, aiming for nearly 7 GW of energy capacity and a total investment of around $500 billion. The initiative targets building infrastructure to support AI growth, with operations at the Ohio site expected in 2026. The expansion also impacts crypto markets, as AI energy demand could create new revenue opportunities for Bitcoin miners with existing energy and facility advantages.

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Eli Lilly shows strong growth with new drugs, while Merck faces challenges ahead of KEYTRUDA patent expiry.

Eli Lilly shows strong growth with new drugs, while Merck faces challenges ahead of KEYTRUDA patent expiry.

Eli Lilly reported a 47.7% revenue increase in Q2 2026, driven by strong sales of Mounjaro and Zepbound, and is expanding its incretin franchise with promising new drugs like retatrutide and Foundeo. In contrast, Merck's Q2 revenue grew only 5%, with...

Company Fundamentals
Bullish
4 hours ago
Cooper Companies downgraded to Hold after 31% price drop amid weak growth and margin concerns.

Cooper Companies downgraded to Hold after 31% price drop amid weak growth and margin concerns.

Cooper Companies (COO) has been downgraded from Sell to Hold following a 31% decline in its stock price, reflecting a more balanced risk/reward profile despite ongoing growth challenges. The company's revenue growth remains weak, with flat core Coope...

Analyst Insights
Bearish
4 hours ago
$5,000 in Nvidia stock could grow to $12,199 in 5 years amid AI boom and strong growth forecasts.

$5,000 in Nvidia stock could grow to $12,199 in 5 years amid AI boom and strong growth forecasts.

Investing $5,000 in Nvidia today could yield about $12,199 in five years, based on a projected share price of $532.58 by 2031. This represents a 144% total return, driven by Nvidia's central role in AI infrastructure, strong revenue growth, and major...

Analyst Insights
Bullish
4 hours ago
New MSP route enables FedRAMP High data protection services for U.S. federal cybersecurity needs

New MSP route enables FedRAMP High data protection services for U.S. federal cybersecurity needs

Commvault announced that qualified managed service providers (MSPs) can now offer services based on Commvault Cloud for Government, a FedRAMP High Authorized platform. This allows MSPs to provide secure data protection and cyber resilience services t...

Market News
Bullish
4 hours ago
Nord Precious Metals updates Gowganda silver tailings resource to 2.8M oz at 47.4 g/t, advancing recovery plans.

Nord Precious Metals updates Gowganda silver tailings resource to 2.8M oz at 47.4 g/t, advancing recovery plans.

Nord Precious Metals Mining Inc. has released an updated Mineral Resource Estimate for its Gowganda Silver Tailings Project in Ontario, reporting an indicated resource of 1.845 million tonnes grading 47.4 g/t silver, totaling 2.814 million ounces. Th...

Company Fundamentals
Bullish
4 hours ago
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