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Oracle shares rose about 6% in extended trading on Thursday after the database software maker raised its fiscal 2026 revenue guidance and issued a heady forecast for the 2029 fiscal year.
U.S. sanctions over the years on China's semiconductor industry has forced Beijing to ramp up efforts to boost its domestic chip sector.
Intel shares jumped 8% in extended trading Monday after the company said it plans to turn its foundry business into an independent unit with its own board and the potential to raise outside capital.
Tiger Global is planning to join OpenAI's buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to sources familiar with the situation.
Saudi Arabia is optimistic about gaining access to U.S. chipmaker Nvidia's high-performance chips, which would enable it to develop and operate the most advanced artificial intelligence models.
Intel has been badly beaten down of late, losing 60% of its value this year as it struggles to find its way in the booming artificial intelligence market while aggressively building out fabs in the U.S. The company is turning to Commerce Secretary Gina Raimondo for help.
Leaders at OpenAI, Anthropic, Nvidia, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC.
U.S. stock futures were little changed Thursday evening as traders sought to shake off a sluggish September.