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Got to give it to President Trump. When he wants to do something, he will.

And that might be a US$500 billion investment plan for the AI industry. No one really knows for sure how it will be done, but they know Softbank, Oracle and OpenAI will be behind the joint venture called ‘Stargate’.

In this week’s newsletter, I will be looking at this joint venture closely and also a good way to find gems in the market.

Moving on, here are the news that shocked the world…

EV Danger?: President Trump has signed a presidential mandate to do away with subsidies for electric vehicles. Elon Musk will not be happy [Read More]

Trump’s AI: Trump announced a joint venture with OpenAI, Oracle, and SoftBank to invest up to US$500 billion in AI infrastructure [Read More]

AI backtrack: Biden introduced regulation for AI companies to disclose safety tests, but Trump has revoked it and said, ‘No Need’ [Read More]

Netflix: Netflix just reported 4Q 2024 results that exceeded expectations with profits doubling to US$1.9 billion and subscribers reaching 300 million [Read More]

United Airlines: Financial results for United Airlines are above expectations as profit grew by 64% to US$985 million [Read More]

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Here are the news covering the Asia market…

Trump tariffs: President Trump wants to introduce a 10% tariff on Chinese imports coming into the US starting from 1 February 2025 [Read More]

MAS: The Monetary Authority of Singapore has reduced interest rates for the first time since 2020 as it expects inflation to be weak in 2025 [Read More]

SingPost CFO: Issac Mah, who was the former head of SingPost’s Australian unit’s CFO, has been appointed as SingPost CFO [Read More]

MapleTree Logistics Trust: Distribution per unit was down by 11% for 3Q 2025 as the company incurs additional property and borrowing expenses [Read More]

Sembcorp Solar: Sembcorp Solar Singapore has unveiled its new ground-mount solar farm with 18 MW at PSA Singapore’s Keppel Terminal [Read More]

Sabana Industrial REIT: The company has reported a revenue and profit growth of 1.3% and 4.5% respectively for the year 2024 even though the occupancy rate declined [Read More]

See below for our handpicked analyst reports:

It couldn’t be more clear.

Trump wants U.S. companies to keep drilling for oil, and lots of it. He doesn’t like renewable energy, which shows when he halted leasing federal land for wind farms in the U.S. It’s a win for oil & gas, and a loss for renewable energy.

Oh, and like everyone else, he’s riding the Artificial Intelligence (AI) wave by having a joint venture called Stargate with OpenAI (Microsoft is a significant backer), Oracle, and Softbank to invest US$500 billion in building AI infrastructure over the next four years.

Here’s the interesting part about this project. Trump specifically mentions ‘private investment’, which means that the government is probably not putting much money in.

What is holding this project up is the fact that Softbank’s CEO Masayoshi San has promised US$100 billion over the next four years. So, he’s, naturally, the chairman of Stargate now.

A quick check on Softbank reveals that the company has about US$10 billion in cash now, and it generated about US$3.3 billion in profits in 2024. Meanwhile, here are Oracle’s and Microsoft’s figures

• Oracle: US$11.3 billion in cash, US$11.6 billion in annual profit

• Microsoft: US$78.4 billion in cash, US$90.5 billion in annual profit

These 3 companies do have the capability to bring in the required funds over the next few years. But Microsoft might have more to gain (or lose depending on how you look at it) considering it is a heavy investor in OpenAI.

The US$500 billion in investment will mainly be centered on building more data centres in the U.S. to enable AI technology. Goldman Sachs made it very clear here that businesses need to make significant upfront investments.

This could be the catalyst that the industry needs.

I am a fan of buying underrated gems.

There’s no better feeling than finding one that is undervalued that everyone missed, and is poised to gain in the coming future.

I usually start by looking from the top. And I do that by using SimplyWallSt’s ‘Discover’ function to look at the various sectors’ valuations in the ‘Markets’ portion. Here is an example of Singapore’s market.

From here, I usually take a look at the price-to-earnings ratio of all the sectors and drill down further to find companies that are trading at low valuations.

If you want to make use of this tool, use my affiliate link here to kickstart your journey in finding gems.

Cheers,
James Yeo