The US is self-sufficient in energy compared to the rest of the world, says Janet Mui, head of market analysis at RBC Brewin Dolphin. She joins Ed Ludlow on “Bloomberg Tech” to discuss the need for compute power as OpenAI and Oracle expand their on their Project Stargate deal.
It has been revealed that OpenAI is the customer behind a $30 billion annual cloud deal with Oracle Corp (NYSE:ORCL, ETR:ORC) disclosed earlier this week. According to multiple media reports citing sources with knowledge of the deal, OpenAI will rent about 4.5 gigawatts of data center power across multiple US sites as part of its Stargate initiative.
While there are questions about a contract that will ultimately add more than $30 billion in revenue annually, Bernstein analysts think the arrangement will bring Oracle closer to its larger cloud competitors.
![]() ORCL 2 months ago | Other | MX$10.23 Per Share |
![]() ORCL 5 months ago | Other | MX$8.28 Per Share |
![]() ORCL 8 months ago | Other | MX$7.81 Per Share |
![]() ORCL 11 months ago | Other | MX$7.13 Per Share |
![]() ORCL 9 Apr 2024 | Other | MX$6.54 Per Share |
8 Sep 2025 (In 2 months) Date | | 1.47 Cons. EPS | - EPS |
11 Jun 2025 Date | | - Cons. EPS | - EPS |
9 Jun 2025 Date | | - Cons. EPS | - EPS |
10 Mar 2025 Date | | - Cons. EPS | 20.86 EPS |
9 Dec 2024 Date | | - Cons. EPS | 21.83 EPS |
![]() ORCL 2 months ago | Other | MX$10.23 Per Share |
![]() ORCL 5 months ago | Other | MX$8.28 Per Share |
![]() ORCL 8 months ago | Other | MX$7.81 Per Share |
![]() ORCL 11 months ago | Other | MX$7.13 Per Share |
![]() ORCL 9 Apr 2024 | Other | MX$6.54 Per Share |
8 Sep 2025 (In 2 months) Date | | 1.47 Cons. EPS | - EPS |
11 Jun 2025 Date | | - Cons. EPS | - EPS |
9 Jun 2025 Date | | - Cons. EPS | - EPS |
10 Mar 2025 Date | | - Cons. EPS | 20.86 EPS |
9 Dec 2024 Date | | - Cons. EPS | 21.83 EPS |
Software - Infrastructure Industry | Technology Sector | Safra Ada Catz CEO | XMEX Exchange | US68389X1054 ISIN |
US Country | 159,000 Employees | 10 Jul 2025 Last Dividend | 13 Oct 2000 Last Split | 12 Mar 1986 IPO Date |
Oracle Corporation is a global provider of enterprise information technology solutions. The company delivers a wide range of products and services designed to meet the complex demands of modern IT environments. With a broad portfolio that includes everything from cloud software applications and infrastructure technologies to hardware products, Oracle aims to support businesses across various industries, government agencies, and educational institutions. The company's collaborative efforts, like its partnership with Amdocs Limited, highlight its commitment to facilitating cloud and digital adoption for its customers. Founded in 1977, Oracle has established its headquarters in Austin, Texas, marking its significance in the tech industry for several decades.
Oracle Corporation's extensive array of products and services caters to a diverse range of enterprise IT needs:
In its effort to meet the demands of businesses, government agencies, and educational institutions, Oracle employs direct and indirect sales channels, further expanding its reach and influence in the IT sector.