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Benzinga
Benzinga
Business
Anusuya Lahiri

What's Going On With Oracle Stock Thursday?

Cramer Weighs On Oracle Trade

OpenAI struck a five-year deal with Oracle (NYSE:ORCL) to purchase $300 billion of computing power. The contract reflects continued artificial intelligence frenzy, even as concerns of a bubble mount.

The partnership, which will begin in 2027, requires 4.5 gigawatts of power capacity, equivalent to more than two Hoover Dams, the Wall Street Journal reported on Thursday.

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