OpenAI plans to pay Oracle $300B for data center capacity: report (ORCL:NYSE)

Core Viewpoint - Oracle's shares surged over 30% following its latest earnings report, indicating strong market confidence in the company's performance and future prospects [2] Group 1: Financial Performance - Oracle reported a significant increase in its stock price, rising more than 30% after the earnings announcement, reflecting positive investor sentiment [2] Group 2: Strategic Partnerships - The company secured a substantial $300 billion deal with OpenAI to provide data center capacity, highlighting its strategic move to enhance cloud computing capabilities [2]