International Companies

Oracle shares rise on reports of massive Tencent AI chip deal

By Benjamin Chiou

Date: Thursday 01 Oct 2026

(Sharecast News) - Oracle shares were higher in pre-market trade on Thursday on the back of reports that Chinese tech conglomerate Tencent is to lease 100,000 Oracle chips as it ramps up its AI agenda.
The American data storage, cloud computing and enterprise software giant will be the beneficiary of Tencent's...

Sign up for free or to read the full story

Email this article to a friend

or share it with one of these popular networks:


Article Archive

Top of Page