AI online, $Broadcom(AVGO.US) secured its fourth major client, OpenAI, locking in an incremental $10 billion for next year just a few days ago, and now the truly explosive news has arrived with the financial report!
$Oracle(ORCL.US)'s remaining performance obligation value surged by $300 billion in a single quarter, which is both astonishing and somewhat unbelievable!
Recall that on June 30, Oracle disclosed in a filing with the U.S. Securities and Exchange Commission (SEC) that it had signed a cloud services agreement expected to generate $30 billion in annual revenue. And the client for this contract is Oracle itself.
Putting this information together, it suggests that Oracle's new major client is still OpenAI, and the contract is for 10 years.
Now, the major American companies have truly become AI infrastructure giants.
AI is set to continue its celebration.
The question arises, will Oracle also need to develop ASIC chips in the future?
$Coreweave(CRWV.US)$Nebius(NBIS.US)$Astera Labs(ALAB.US)
