Oracle - Asia Tech Wire

Oracle

2025.03.07

08:54

OpenAI and Oracle reportedly plan to deploy billions of dollars of Nvidia chips in Texas data centers

OpenAI and Oracle reportedly plan to start installing tens of thousands of Nvidia artificial intelligence chips in a large new data center in Texas in the coming months to promote the launch and operation of the first facility of their $100 billion "Stargate" infrastructure joint venture project. According to people familiar with the matter, by the end of 2026, the data center is expected to install 64,000 Nvidia GB200 semiconductor chips. These chips will be installed in multiple halls of the data center in stages, and the first batch of 16,000 chips are planned to be deployed before this summer.

02:33

Market news: OpenAI and Oracle (ORCL.N) are considering acquiring billions of dollars worth of Nvidia chips for Stargate in the coming months.

2025.03.05

21:14

U.S. Commerce Secretary Mattis Lutnick: Apple (AAPL.O), Oracle (ORCL.N), TSMC (TSM.N) and SoftBank are all announcing plans.

17:11

Before the U.S. stock market opened, star technology stocks generally rose, with Alibaba (BABA.N), Broadcom (AVGO.O), Tesla (TSLA.O), Nvidia (NVDA.O), and TSMC (TSM.N) rising by more than 2%, and Intel (INTC.O) and Oracle (ORCL.N) rising by more than 1%.

2025.02.21

00:40

Salesforce CEO: Reports that Salesforce is negotiating cloud computing deals with Microsoft, Oracle and Google are incorrect.

2025.02.20

23:40

Salesforce in talks with Microsoft, Oracle and Google for cloud deals to handle AI

Salesforce is in talks with Microsoft, Oracle and Google about cloud deals to handle artificial intelligence.

23:33

According to The Information: Salesforce (CRM.N) is negotiating with Microsoft, Oracle and Google on cloud agreements to handle artificial intelligence.

23:02

Nasdaq's decline widens to 1%

The Nasdaq's losses widened to 1%, Intel fell more than 4%, and Tesla, Oracle and Netflix fell more than 2%.

2025.01.27

11:54

Xinchen Technology: As a distributor of Oracle, the company maintains a good cooperative relationship with it to meet the business needs of the company's customers.

2025.01.23

08:31

OpenAI: Stargate project will provide massive computing power and reduce costs

Kevin Weil, chief product officer at OpenAI, said the Stargate project will provide the massive computing power needed to train more advanced AI models, reduce costs, and maintain the future development of AI in the United States. Stargate is a newly announced AI infrastructure program supported by OpenAI, Oracle, and SoftBank, with a target investment of $500 billion. Weil said the initial focus will be on building data centers to accommodate GPUs (graphics processing units) for training and running AI models. Weil was vague about whether OpenAI itself would eventually enter the chip manufacturing field, saying only: "We'll see." Although the cost of training and running advanced AI models is still high, Weil pointed out that computing costs have fallen by 99% in two years.

05:01

US stocks closed: Nasdaq rose more than 1%, Stargate concept stocks led the gains

U.S. stocks closed on Wednesday, with the Dow Jones Industrial Average initially closing up 0.3%, the S&P 500 up 0.6%, and the Nasdaq down 1.28%. Stargate concept stocks rose across the board, with Arm (ARM.O) up 16%, Oracle (ORCL.N) up 6.7%, Nvidia (NVDA.O) and Microsoft (MSFT.O) up 4%. The Nasdaq China Golden Dragon Index closed down 0.66%, Alibaba (BABA.N) up 1%, Li Auto (LI.O) and Bilibili (BILI.O) down more than 4%.

2025.01.22

23:05

Nasdaq breaks through 20,000 points intraday

The Nasdaq broke through the 20,000 point mark during trading, up about 1.3%. Star technology stocks Netflix rose nearly 13%, Oracle rose more than 6%, Nvidia rose nearly 4%, and Microsoft rose nearly 3%.

22:31

At the opening of the US stock market, the Dow Jones Industrial Average rose 0.35%, the S&P 500 rose 0.58%, and the Nasdaq rose 0.78%. Netflix (NFLX.O) rose 13.65%, with outstanding performance in Q4, and international investment banks have raised their target prices. The artificial intelligence sector rose, with Oracle (ORCL.N) rising 10.75% and Nvidia (NVDA.O) rising 2.16%, after Trump announced a $500 billion investment plan for AI infrastructure.

17:17

The U.S. stock market's artificial intelligence sector rose before the market opened, with Oracle (ORCL.N) up 7%, C3.ai (AI.N) up 6.4%, Arm (ARM.O) up 4%, and Super Micro Computer (SMCI.O) up 3.8%.

17:11

Oracle (ORCL.N) shares rose 9% in pre-market trading after U.S. President Trump announced a $500 billion investment plan in AI infrastructure.

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