Freshly appointed dual chief executives Clay Magouyrk and Mike Sicilia push back on concerns over Oracle’s margins as investors examine AI bubble.

Oracle and Advanced Micro Devices said Tuesday that they are expanding their partnership with the deployment of 50,000 AMD graphic processing units beginning in the third quarter of 2026 with further expansion to follow.

Oracle is surging as a top AI cloud stock. Read here for ORCL stock's growth forecasts, market positioning, and why now may be the time to buy.

Oracle also introduced Autonomous AI Lakehouse, a new platform that combines Oracle’s Autonomous AI Database with the open Apache Iceberg table format. The platform is available on Oracle Cloud Infrastructure, Amazon Web Services Inc., Microsoft Corp.’s Azure, Google LLC’s Cloud and Oracle’s Exadata Cloud@Customer.

Oracle has debuted renderings of its planned $1.2 billion campus in Nashville, Tenn., the Tennessean reported. The software giant said in 2024 it would relocate its headquarters from Austin, Texas, to Nashville,

Oracle ramped up its plans to lead in all-things AI on the opening day of its renamed customer event, AI World, with founder Larry Ellison emphasising AI's transformative potential.

The advancements made in artificial intelligence (AI) over the last few years have required exponentially growing amounts of computing power. That's been a huge boon for GPU makers like Nvidia, but Nvidia's biggest customers have also benefited by renting out those GPUs to companies training large language models and developing new AI applications.

Oracle's Abilene, Texas, data center project for OpenAI will have more than 450,000 Nvidia GB200s when fully provisioned. Announced by Oracle CTO and chairman Larry Ellison during a keynote at the Oracle AI World event, this will use 1.2 billion watts (1.2GW), which is "enough power for one million four-bedroom homes in the United States."