CNBC

Oracle pushes back on concerns about OpenAI

CNBC's Seema Mody reports on Oracle defending OpenAI's growth targets following a WSJ report that the AI lab is facing challenges. Oracle currently has a $300 billion contract with OpenAI over ...

OpenAI hits back at growth fears, says ‘firing on all cylinders’

OpenAI pushed back against concerns over its sales growth on Tuesday, saying its consumer and enterprise businesses are ...

Nvidia, AMD, and Other AI Chip Stocks Are Swooning. Blame OpenAI.

The AI start-up is at the center of a $1 trillion web of AI deals. When it sneezes, the sector gets a cold, and investors ...

Oracle, CoreWeave lead AI selloff on OpenAI growth concerns

By Twesha Dikshit and Shashwat Chauhan April 28 (Reuters) - Shares of artificial intelligence-related firms dropped on ...
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Live Nasdaq Composite: Tech Stocks Fumble Gains on OpenAI and Oil-Fueled Sell-Off

Live Updates Consumers Feeling Confident 1 hour ago Live American consumers are feeling better than expected. The Conference ...
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Oracle's $16B data center bet shows how expensive AI infrastructure has become

Oracle raised $16 billion through bonds to construct a Michigan data center campus dedicated to OpenAI's AI applications. The ...

A massive Oracle data center planned for rural Michigan secures $16 billion in funding

The Saline, Michigan campus is huge. It will generate 1 gigawatt of electricity, making it one of the largest data centers in ...
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Morgan Stanley cuts Oracle target amid AI margin squeeze

Morgan Stanley lowered its price target for Oracle to $207 from $213, citing risks from heavy reliance on OpenAI and margin pressures tied to AI infrastructure investments. While Q3 results showed ...