US Stock Market Movement | Reports Suggest Oracle (ORCL.US) Signed Agreement to Rent Out High-End AI Chips, Stock Price Surges Over 4.5%
On Friday, Oracle (ORCL.US) opened higher, with gains exceeding 4.5% as of press time.
According to Zhitong Finance APP, on Friday, Oracle (ORCL.US) opened higher and, as of press time, was up over 4.5%. According to media reports, Tencent has signed its largest overseas leasing agreement with Oracle, with Tencent Holdings agreeing to lease multiple Oracle data centers in Southeast Asia for a five-year term. This deal allows Tencent to use approximately 100,000 high-end AI chips, with the contract estimated to be worth around $7 billion and an advance payment ratio of about 30%.
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