Mentioned:
DOMH -4.60% ORCL -9.60%
Data centres in America are becoming more important than ever. And now, Eric Trump and Donald Trump Jr are aligning themselves with a publicly traded company focused on accelerating the future of artificial intelligence infrastructure.
What’s happening:
- Eric Trump and Donald Trump Jr have officially joined the board of advisors of Dominari Holdings (NASDAQ: DOMH) to focus on making strategic investments into data centres and high performance computing
By the numbers:
- Both Eric Trump and Donald Trump Jr also participated in the recent $13.5M USD equity financing round for Dominari Holdings
- Dominari Holdings has also announced they will do a special cash dividend of $4M to existing shareholders following the closing of their latest financing round
Why it matters:
- Building out artificial intelligence infrastructure has become of exceptionally high importance in America lately, fuelled in large part by the new half a trillion dollar data centre deal between SoftBank, OpenAI and Oracle (NYSE: ORCL)
Going deeper:
- Donald Trump Jr has been making a flurry of moves in both the public and private markets lately, including being one of the lead investors in a new SPAC for an online firearms retailer as well as becoming an official advisor to highly popular prediction market Kalshi
