The president rescinded almost 80 executive orders signed by Biden on Monday, including one aimed at limiting artificial-intelligence risks.

Nvidia remained above the 50-day moving average Friday. Late Tuesday, President Donald Trump announced a joint venture called Stargate involving OpenAI, Oracle, SoftBank and other companies that will invest up to $500 billion in four years to build data centers and other infrastructure for AI applications.

President Trump announced a major AI infrastructure investment of “at least $500 billion,” signaling a willingness to work alongside large tech companies.

Nvidia stock rose modestly early Friday as investors digested a raft of mixed news over the past few days. Shares were up 0.1% to $147.34 in premarket trading. It closed almost flat Thursday after starting the day in the red as a fresh outlook from supplier SK Hynix cast doubt over future demand for its products.

Shares of NVIDIA Corporation (NASDAQ: NVDA) and other AI stocks such as Dell Technologies Inc. (NYSE: DELL), Oracle Corporation (NYSE: ORCL) and Arm Holdings plc (NASDAQ: ARM) are trading higher Tuesday buoyed by reports of a major private sector investment in artificial intelligence infrastructure.

Chipmaker Nvidia (NASDAQ:NVDA) is at the forefront of all things AI these days. Its chips are used to help power the AI revolution. Many quantum computing stocks exploded in value last year as investors hoped to get ahead of the crowd in what could be a transformational wave of new technology.