On September 23, 2025, OpenAI CEO Sam Altman showcased the new Stargate AI data center in Abilene, Texas, filled with Oracle and Nvidia infrastructure. However, the launch coincided with investor concerns over OpenAI’s sustainability, causing shares of Nvidia and Oracle to dip sharply. This decline followed a previous announcement of a $100 billion partnership between Nvidia and OpenAI. Investors are questioning the immense energy demands of the data center—equivalent to 17 nuclear plants—and drawing parallels to the 2000s Dotcom bubble regarding Nvidia’s investments. Compounding these worries, U.S. Federal Reserve Chair Jerome Powell warned that equity prices appear overvalued amid possible stagflation. Despite the challenges, Altman remains optimistic, stating, “This is what it takes,” as he continues to attract significant investments. In other news, Japanese equities are surging due to foreign investor inflows and governance reforms, signaling an exit from decades of economic stagnation.
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