BUZZ-Oracle rises on report of expansion of Stargate deal with OpenAI

Reuters

2025/07/03

** Shares of cloud service provider Oracle ORCL.N rise 4% to $227.71

** OpenAI to rent additional 4.5 gigawatts of data center capacity from Oracle - Bloomberg News

** The move is part of OpenAI's Stargate initiative, a joint venture with Oracle and SoftBank, which plans to invest $500 billion in AI infrastructure in the United States over the next four years

** To meet the additional demand from OpenAI, Oracle will develop multiple data centers across the United States with partners - Bloomberg

** Up to last close, stock up 36.4% YTD

(Reporting by Kritika Lamba in Bengaluru)

((Kritika.Lamba@thomsonreuters.com))

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