Musk Responds to Stargate Project Stalling
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Source: Benzinga
- Project Stalling: Musk commented on the $500 billion Stargate data center venture's stagnation, stating that 'hardware is hard,' as the project has failed to staff meaningfully since its announcement in January 2025, resulting in no direct role in building OpenAI's data centers.
- Leadership Disputes: The Stargate joint venture is gridlocked due to disagreements over leadership, structure, and financial responsibilities, with OpenAI and SoftBank clashing over control of key Texas data center sites, ultimately compromising on OpenAI leasing and designing the facility while SoftBank's energy arm develops and owns it.
- Intensifying AI Infrastructure Race: Despite Stargate's stall, the AI infrastructure arms race continues to accelerate, with Anthropic announcing a $50 billion data center buildout with Fluidstack in Texas and New York, with sites expected to come online this year.
- Market Sentiment Shift: Polymarket traders express skepticism regarding OpenAI's position in the AI race, assigning only an 11% chance of holding the top AI model by the end of June, while Google and Anthropic are seen at 40% and 35%, respectively.
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Analyst Views on ORCL
Wall Street analysts forecast ORCL stock price to rise
34 Analyst Rating
25 Buy
9 Hold
0 Sell
Moderate Buy
Current: 148.530
Low
180.00
Averages
309.59
High
400.00
Current: 148.530
Low
180.00
Averages
309.59
High
400.00
About ORCL
Oracle Corporation offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. The Company operates through three businesses: cloud and license, hardware and service. Its cloud and license business is engaged in the sale, marketing and delivery of its enterprise applications and infrastructure technologies through cloud and on-premise deployment models including its cloud services and license support offerings, and its cloud license and on-premise license offerings. Its hardware business provides infrastructure technologies including Oracle Engineered Systems, servers, storage, industry-specific hardware, operating systems, virtualization, management and other hardware-related software to support diverse IT environments. Its services business provides services to customers and partners to help maximize the performance of their investments in Oracle applications and infrastructure technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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