Locator: 49063ABSURD.
Updates
Later, 1:29 p.m. CT:
OpenAI signed a contract to purchase $300 billion in computing power over roughly five years from Oracle, a massive commitment that far outstrips its current revenue.
The deal is one of the largest cloud contracts ever signed, reflecting how spending on AI data centers is hitting new highs despite mounting concerns over a potential bubble. It will require 4.5 gigawatts of capacity, roughly comparable to the power produced by more than two Hoover Dams or the amount consumed by about four million homes.
Oracle shares surged by 42% on Wednesday after the cloud company revealed it added $317 billion in future contract revenue during its latest quarter that ended in August 31, 2025.
Chief Executive Safra Catz told analysts that it had signed contracts with three different customers during the quarter.
Original Post
Why hasn't trading been stopped? LOL.
I was surprised by Sara Eisen asking the wrong question with regard to Oracle. She asked from which companies Oracle was taking these big deals. She completely misunderstands what is going on, if I understand her question / if I heard her question correctly. She is suggesting "this" is a zero-sum game. It's not. If Oracle is surging, someone else must be losing. Nope, that's not the way it works. She may want to look at all the other tech companies today. Unless folks are taking AAPL profits to buy ORCL, which is very, very possible. I doubt this is complemented by a short squeeze but this is exhibit A why I don't short stocks.
