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Stargate's Next Step: OpenAI Leases 4.5 GW from ORCL

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Manage episode 492394426 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Wednesday afternoon, Bloomberg reported that OpenAI will lease 4.5 gigawatts of computing power from Oracle (ORCL) for its Stargate initiative. Oracle committed $7 billion to Stargate so far and plans to spend another $25 billion through capital expenditures in 2026. Jeff Pierce talks about the latest development that's thrusting Oracle's stock momentum into the stratosphere. Joe Tigay offers an Example Options trade for the growing cloud company.

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5729 episodes

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iconShare
 
Manage episode 492394426 series 3645668
Content provided by Schwab Network. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Schwab Network or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Wednesday afternoon, Bloomberg reported that OpenAI will lease 4.5 gigawatts of computing power from Oracle (ORCL) for its Stargate initiative. Oracle committed $7 billion to Stargate so far and plans to spend another $25 billion through capital expenditures in 2026. Jeff Pierce talks about the latest development that's thrusting Oracle's stock momentum into the stratosphere. Joe Tigay offers an Example Options trade for the growing cloud company.

======== Schwab Network ========

Empowering every investor and trader, every market day.

Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D

Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe

Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185

Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7

Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch

Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore

Watch on DistroTV - https://www.distro.tv/live/schwab-network/

Follow us on X – https://twitter.com/schwabnetwork

Follow us on Facebook – https://www.facebook.com/schwabnetwork

Follow us on LinkedIn - https://www.linkedin.com/company/schwab-network/

About Schwab Network - https://schwabnetwork.com/about

  continue reading

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