1 of 1
Story summary
- Oracle Corporation (ORCL) stock fell after OpenAI announced five new Stargate AI data centers.
- OpenAI and SoftBank will collaborate with Oracle, committing over $400 billion to this project over three years.
- Analysts expect Oracle's capital expenditures to reach $34.2 billion this fiscal year.
- Oracle aims to raise $15B via bonds to fund cloud ambitions, following a $300B OpenAI deal.
