Oracle’s Best Week in 25 Years: Stock Soars on AI Power and AWS Partnership
Oracle is up nearly 27% this week, its best performance since 1999. The surge comes after a major power deal with Bloom Energy and a new cloud partnership with AWS.
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Bloom Energy to Supply 2.8 GW of Fuel Cells to Oracle for AI Power Push
Bloom will supply clean power to Oracle’s AI data centers, helping meet rising energy needs with fast, reliable onsite fuel cell systems.
OpenAI Freezes Multi-Billion Stargate Project in Britain Over High Energy Costs
OpenAI pauses its UK Stargate AI project, citing high energy costs and rules, focusing on ChatGPT amid global expansion.
Oracle Strengthens Finance Team with New CFO from Schneider Electric
Oracle names Hilary Maxson as CFO; her experience in large, capital-heavy businesses fits Oracle’s fast-growing cloud and AI needs. Barclays views the appointment as 'prudent.'
Blackstone and Bank of America Back Oracle’s $16 Billion Michigan AI Project
Oracle is finalizing a $16 billion deal—after months of stop-and-start negotiations—to build a massive AI data center in Michigan. Despite local pushback and Wall Street scrutiny, the project is moving forward rapidly with backing from Blackstone and BofA.
Microsoft Targets Key Texas AI Hub as Oracle Shelves Expansion Plans
Microsoft in advanced talks to lease hundreds of MW at Abilene's Stargate AI campus after Oracle shelved expansion. Boost for Azure amid Meta interest too.