Cloud Computing

Oracle’s stock jumps as OpenAI buys $300 billion in compute power

Ken Metral

10 Sep 2025 — 1 min read

Credit: OpenAI/Oracle Corporation

Oracle’s shares soared in after-hours trading yesterday following news that the company had secured several multi-billion-dollar contracts. Now, details are emerging that point to OpenAI as one of its biggest customers.

According to reporting from The Wall Street Journal, OpenAI has agreed to purchase $300 billion worth of compute power from Oracle over a span of roughly five years, beginning in 2027. If accurate, the deal would rank among the largest cloud contracts in history. Oracle declined to comment, while OpenAI has not responded to requests for confirmation.

This would not be the first collaboration between the two companies. OpenAI began sourcing compute from Oracle in mid-2024, diversifying away from its heavy reliance on Microsoft Azure. That shift accelerated earlier this year, when OpenAI joined forces with Oracle and SoftBank on the ambitious Stargate Project—a $500 billion initiative to build domestic data centers over the next four years.

The reported $300 billion agreement underscores the scale of OpenAI’s computing needs as it continues to push the limits of artificial intelligence research and deployment. The AI firm has also turned to other major cloud providers, including Google, despite competing directly with them in the AI race. Reuters reported this spring that OpenAI signed a separate cloud deal with Google, further illustrating its appetite for compute power.

If confirmed, the Oracle-OpenAI agreement would cement Oracle’s position as a critical player in the cloud computing market, historically dominated by Amazon Web Services, Microsoft Azure, and Google Cloud. It also signals OpenAI’s determination to secure as much infrastructure as possible to fuel its next generation of AI models.

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