US Stock Market Move | Report: Oracle Corporation (ORCL.US) signs agreement to lease high-end AI chips, stock rises over 4.5%.

On Friday, Oracle Corporation (ORCL.US) opened higher and, as of press time, was up over 4.5%. On the news front, according to media reports, Tencent has signed its largest overseas leasing agreement with Oracle Corporation. TENCENT has agreed to lease multiple Oracle Corporation data centers in Southeast Asia for a term of five years. The deal gives Tencent access to approximately 100,000 high-end AI chips, with the agreement valued at an estimated approximately US$7 billion and a prepayment ratio of about 30%.