StocksMedium•1 October 2026•
1 min read
Oracle Signs $7 Billion AI Chip Deal with Tencent
Key Facts
1Tencent signed a five-year deal with Oracle to access advanced artificial intelligence chips.
2The reported deal is valued at approximately $7 billion, potentially providing relief for Oracle's stock.
Tencent signed a five-year deal with Oracle to access advanced artificial intelligence chips. According to reports from the Financial Times and MarketWatch, the deal is valued at approximately $7 billion and allows the Chinese firm to lease 100,000 AI chips through an overseas arrangement.
Oracle (ORCL) closed at $137.3 on September 30, 2026, while Tencent's US-listed shares (TCEHY) closed at $54.22 on the same date. The agreement provides Tencent with high-performance AI infrastructure previously unavailable in its home market, validating the growing demand for Oracle's cloud and AI capabilities.