ORCL · News · 20260917N

AI Backlog and OpenAI Exposure

ORACLE CORP · 2026-09-17 · Importance 89 · Surprise 82

Oracle’s AI infrastructure business reportedly generated 120% year-over-year revenue growth in fiscal 2027’s first quarter as AI companies, including OpenAI, rented capacity from Oracle data centers. Oracle’s reported contract backlog was approximately $664 billion, with roughly $300 billion tied to OpenAI contracts, making OpenAI a significant source of future AI infrastructure demand. Coverage highlighted OpenAI’s funding discussions as a potential factor that could reduce concerns about Oracle’s ability to realize its AI investment and backlog commitments.

Key facts

• AI companies like OpenAI are lining up to rent computing capacity from Oracle's powerful data centers. source
• Oracle (ORCL) stock rose about 4% at midday on Thursday as investors responded to positive news flow around OpenAI. source
• Oracle Corp. (ORCL) saw its stock advance by 5.19% to $150.59 on Thursday. source