ORCL Stock Recent News

Over the past few days, many investors gazed into the future of database king Oracle (ORCL 3.18%) and liked what they saw.

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Bloomberg's Ed Ludlow discuss OpenAI's deal with Oracle as they search for more compute capacity. Plus, a look at President Donald Trump's tax and spending bill as it nears a successful House vote.

The US is self-sufficient in energy compared to the rest of the world, says Janet Mui, head of market analysis at RBC Brewin Dolphin. She joins Ed Ludlow on “Bloomberg Tech” to discuss the need for compute power as OpenAI and Oracle expand their on their Project Stargate deal.

Shares of Microsoft (NASDAQ:MSFT) gained 0.32% over the past five trading sessions, increasing the tech giant’s one-month gain to 7.76%. So far in 2025, the stock is up 19.19%, including more than 41% since its year-to-date low on April 8. On June 12, it was reported that Microsoft is developing a version of its AI Copilot for the Pentagon, which should be available at some point this summer. On June 5, it was reported that the company will be expanding its AI and cloud investments in Switzerland, committing $400 million to expand its data center infrastructure in the European nation. The additional capacity is expected to support more than 50,000 current customers and expand the availability of AI services for more sectors, including health care, finance government. Microsoft is capitalizing on its Azure platform’s momentum as revenue jumped 33% in FY25 Q3, driven by AI services. When the company last reported earnings, it announced that total revenue rose 13% to $70.1 billion

Oracle Inc (NYSE: ORCL) inched up another 2.0% to print a new all-time high on Thursday after announcing a landmark cloud infrastructure agreement with OpenAI. In a press release this morning, the multinational said OpenAI has agreed to lease 4.

It has been revealed that OpenAI is the customer behind a $30 billion annual cloud deal with Oracle Corp (NYSE:ORCL, ETR:ORC) disclosed earlier this week.  According to multiple media reports citing sources with knowledge of the deal, OpenAI will rent about 4.5 gigawatts of data center power across multiple US sites as part of its Stargate initiative.

Wednesday afternoon, Bloomberg reported that OpenAI will lease 4.5 gigawatts of computing power from Oracle (ORCL) for its Stargate initiative. Oracle committed $7 billion to Stargate so far and plans to spend another $25 billion through capital expenditures in 2026.

Microsoft (MSFT) cut 9,000 workers from its company in what Christopher P. Davis calls a "capital allocation decision.

Oracle stock has been rallying since the tech giant said Monday it had landed a $30 billion annual cloud deal.