OpenAI spends huge amount of money, Oracle benefits from record stock increase

OpenAI spends hundreds of billions of dollars on AI infrastructure, Oracle becomes the biggest beneficiary as its stock price surges, approaching the trillion-dollar group.

According to CNBC, Oracle just recorded a record increase in stock prices after an impressive revenue report.

The key factor is OpenAI, as the AI ​​startup has committed to spending heavily on cloud infrastructure.

The OpenAI deal alone helped send Oracle shares up 36% this week.

OpenAI plans to spend up to $300 billion on computing power over the next five years.

In addition to Oracle, Microsoft, Nvidia and Broadcom also benefited from this spending storm.

However, experts warn that OpenAI is still a risky non-profit startup.

Gil Luria, who recommends holding Oracle stock, says Sam Altman is writing huge checks that he may not be able to cash.

Still, the boost from OpenAI has pushed Oracle closer to the trillion-dollar company club.

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Source: https://khoahocdoisong.vn/openai-chi-tien-khung-oracle-huong-loi-co-phieu-tang-ky-luc-post2149053773.html