Oracle experiences a nearly 9% surge in shares due to increased demand for its cloud infrastructure services in artificial intelligence applications, leading to expanded partnerships with key players like OpenAI and Google Cloud. The company's collaboration with OpenAI and Microsoft for data center capacity showcases Oracle's commitment to supporting AI scalability.
Additionally, Oracle's strong bookings and cloud partnership deals signal a promising future for its cloud infrastructure business as a pivotal growth area. OpenAI's utilization of Oracle's infrastructure and chips for AI compute underscores the growing trend of strategic collaborations to meet the rising demand for AI services, as seen in Broadcom's share surge driven by the booming AI computing market.
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