Oracle Stock News

Our volatility scorecard has a pretty good feel for the market right now.

In today's video, I discuss recent updates affecting Nvidia (NVDA 3.09%), Oracle (ORCL 3.94%), and other semiconductor stocks. To learn more, check out the short video, consider subscribing, and click the special offer link below.

Oracle (ORCL -0.67%) and Salesforce (CRM -3.58%) have demonstrated excellent growth over two decades.

Oracle will reportedly buy $40 billion worth of Nvidia's chips to power the first Stargate project, a new data center in Abilene, Texas. The company will buy 400,000 of Nvidia's latest “superchips” for training and running artificial intelligence (AI) systems, the GB200 chips, and lease the computing power they provide to OpenAI, the Financial Times (FT) reported Friday (May 23).

The data center is a part of the US Stargate project, led by top AI firms in the country, to boost America's heft in the AI industry.

Oracle will spend around $40 billion on Nvidia's higher-performance chips to power OpenAI's new U.S. data center, the Financial Times reported on Friday.

The 10-square-mile site in Abu Dhabi will eventually host 5 gigawatts worth of data centers.

As rumored, OpenAI is expanding its ambitious Stargate data center project to the Middle East.