Oracle (ORCL) will spend around $40B on Nvidia’s (NVDA) high-performance computer chips to power OpenAI’s new giant U.S. data center, according to Financial Times. Oracle will purchase around 400,000 of Nvidia’s GB200 chips, its latest “superchip” for training and running AI systems, and lease the computing power to OpenAI, according to FT’s Tabby Kinder and George Hammond, citing several people familiar with the matter.
Claim 55% Off TipRanks
Trade NVDA with leveragePublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVDA:
- Option traders moderately bearish in NVIDIA with shares down 0.71%
- Morning News Wrap-Up: Friday’s Biggest Stock Market Stories!
- Most Analysts Are Bullish About a Rebound in Advanced Micro Devices Stock (AMD)
- Navitas (NVTS) Skyrockets 163% after NVIDIA Picks It to Power AI Data Centers
- Kraken to List Tokenized Nvidia (NVDA), Apple and Tesla Stocks