Overview

• The Wall Street Journal reports OpenAI agreed to purchase roughly $300 billion of computing from Oracle over about five years, with purchases beginning in 2027.
• The arrangement would require around 4.5 gigawatts of capacity, placing it among the largest cloud contracts ever reported and linking to Project Stargate’s massive data‑center buildout.
• Oracle disclosed a record $455 billion in remaining performance obligations, including about $317 billion added in the latest quarter, and shares jumped roughly 36%–43%, lifting its valuation near $1 trillion.
• Management guided Oracle Cloud Infrastructure revenue from about $18 billion in fiscal 2026 toward $144 billion by 2030, alongside plans to expand U.S. data centers with partners such as Crusoe.
• Analysts note counterparty risk because OpenAI’s annual revenue is about $10 billion and it is not expected to be profitable until at least 2029, raising questions about how the commitment will be funded.