Elon Musk Boosts Oracle (ORCL) Stock with Potential $10 Billion Deal
Oracle(ORCL) InvestorPlace·2024-05-14 19:04
Oracle (NYSE:ORCL) stock was actually down slightly on the day just before noon, but surged 3% almost in a straight line higher on news that Elon Musk’s xAI is in talks to rent Oracle servers in what could be a $10 billion deal.This deal between Elon Musk’s artificial intelligence startup and the cloud services provider appears to center around additional proposed capacity. Allegedly, this additional capacity would contribute to Musk’s plans to more truly rival OpenAI.However, reports of the deal, citing so ...