#MicronBeatsEarningsLiftsGuidance
CHINA BANNED THE CHIP, SO TENCENT RENTED 100,000
TENCENT SIGNS ITS LARGEST OVERSEAS AI DEAL
$TCEHY has agreed to a five-year $7B deal with Oracle ORCL for ~100,000 advanced AI chips across Southeast Asia.
FT says Tencent will pay 30% upfront, with chips primarily $NVDA processors unavailable in China.
$NVDA +1.62% | $ORCL +1.5%
CHINA BANNED THE CHIP, SO TENCENT RENTED 100,000
TENCENT SIGNS ITS LARGEST OVERSEAS AI DEAL
$TCEHY has agreed to a five-year $7B deal with Oracle ORCL for ~100,000 advanced AI chips across Southeast Asia.
FT says Tencent will pay 30% upfront, with chips primarily $NVDA processors unavailable in China.
$NVDA +1.62% | $ORCL +1.5%
