Oracle Corporation (ORCL) Plans $40 Billion Nvidia Chip Purchase for OpenAI Data Center Project, FT Says
From Yahoo Finance: 2025-05-23 15:23:00
Oracle Corporation plans to spend $40 billion on Nvidia chips for OpenAI’s new data center in Texas, part of the US Stargate Project. The data center will have 400,000 GB200 chips leased from Oracle, operational by mid-2026. This move aims to reduce OpenAI’s reliance on Microsoft’s resources.
ORCL stock has risen by over 26% in the past year. While ORCL shows growth potential, other AI stocks may offer higher returns. OpenAI, Oracle, and Nvidia have not commented on the deal. The focus on AI stocks with great promise is highlighted. No promotional content is present in the article.