Oracle Expands OpenAI Deal, Brings ChatGPT Into Its Business Software; Shares Up 4%
ORCL sits 15% above its 52-week low of $114.5.
Summary
Oracle announced at its AI World conference an expanded OpenAI partnership that puts Oracle's business applications and company data inside ChatGPT, and four new Oracle products will run on OpenAI models — AI Workspace, AI Security Mesh, App Composer and an SMB bundle with $12,000 a year in cloud credits. Separately, Cerebras (CBRS) will offer its fast inference through Oracle Cloud, targeted for 2027. Oracle also lined up Nvidia multi-gigawatt superclusters on Vera Rubin systems, an Intel Xeon expansion, Google TPUs in OCI in 2027 and Snowflake as a native service. Shares were up 4.13% at $131.27. The partnership news extends the AI infrastructure narrative that drove Q1 FY27's 62% cloud growth and $664B RPO, though the financial contribution is not quantified.
At the time of this announcement, ORCL was trading at $131.73 on NYSE in the Technology sector, with a market capitalization of approximately $398.3B. The 52-week trading range was $114.50 to $287.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.