Oracle plans to spend approximately $40 billion on high-performance Nvidia chips to support OpenAI's new data center in Abilene, Texas. This initiative is part of the U.S. Stargate Project, aimed at enhancing the country's position in the competitive AI industry. The purchase will involve around 400,000 of Nvidia's GB200 chips, which Oracle will lease to OpenAI.

Qualcomm Inc. has announced a new lineup of chips aimed at the AI data center market, causing its shares to surge to a 15-month high. The AI200 series will begin shipping next year, with Saudi Arabia's AI startup Humain as the first customer, set to deploy significant computing power based on these chips in 2026.