Oracle (ORCL) to buy $40 billion in NVIDIA (NVDA) chips for Stargate data center - FT

(Updated - May 23, 2025 2:07 PM EDT)

Oracle (NYSE: ORCL) to buy $40 billion in NVIDIA (NASDAQ: NVDA) chips for new data center - FT

• Meant for OpenAI and Softbank's new Stargate data center, per the Financial Times
• Center is currently under construction in Abilene, Texas, and is the first center in the U.S.' Stargate AI project
• Will be purchasing around 400,000 GB200 chips

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