Oracle gains on expanded AI chip partnerships, cloud capacity push
ORCL•Oracle shares rose 4.8% as the company expanded its AI chip offerings, including Nvidia Vera Rubin servers, Google Tensor processing units, and chips from Cerebras and SambaNova. Oracle said the effort will scale its AI infrastructure to multi-gigawatt capacity.
1. More chip options
Oracle said it is expanding its cloud AI chip deals with Nvidia and adding offerings from Google, Cerebras and SambaNova. The additions include Nvidia Vera Rubin servers and Google Tensor processing units, and mark the first time Oracle is offering chips from Cerebras and SambaNova.
2. Shares rise
Oracle shares rose 4.8%. Cerebras shares gained 9.1%, putting them on track for their biggest intraday percentage gain in more than three weeks. Oracle said diversifying chip suppliers gives customers more flexibility to match infrastructure to the performance and economics of each AI workload.
