News

Jinse Finance reported that Oracle (ORCL.N) is in negotiations with Meta Platforms (META.O) over a cloud computing deal valued at approximately $20 billion, further indicating that Oracle has become a significant infrastructure provider. According to sources familiar with the matter, under this multi-year agreement, Oracle will provide computing power to the social media giant for training and deploying artificial intelligence models. The sources said that the total committed amount could increase, and other terms of the deal may change before a final agreement is reached. This contract would further enhance Oracle's cloud infrastructure business. Last week, the company reported a significant increase in bookings, pushing its stock price to a record high.

Jinse Finance reported that all three major U.S. stock indexes closed higher and reached new closing highs. The Dow Jones closed up 0.38%, the Nasdaq closed up 0.72%, and the S&P 500 closed up 0.49%. This week, the S&P 500 rose by 1.22%, the Nasdaq rose by 2.21%, and the Dow Jones rose by 1.05%. Major technology stocks generally rose, with Oracle up more than 4%, Apple up more than 3%, and Tesla up more than 2%. Intel, which surged 22% yesterday, closed down 3% today.