Oracle stock surged more than 5% on Wednesday after the software giant revealed that OpenAI will lease roughly 4.5 gigawatts of U.S. data?center power under its Stargate infrastructure project. Under the agreement,

OpenAI plans to rent additional data center capacity from Oracle (NYSE:ORCL) for the Stargate Project, according to Bloomberg. Oracle shares climbed 4% during late market action on Wednesday. If the gains hold,

OpenAI has agreed to rent a massive amount of computing power from Oracle Corp. data centers as part of its Stargate initiative, underscoring the intense requirements for cutting-edge artificial intelligence products.