Oracle gains; report says OpenAI nears $70 billion ARR

Oracle

29/09/2026 16:11

** Cloud firm Oracle's ORCL.N shares rise 6.6% to $141.31
** OpenAI's annual recurring revenue is nearing $70 bln as enterprise sales more than doubled in July, Axios reports
** OpenAI did not immediately respond to Reuters' request for comment
** ORCL is OpenAI's primary computing infrastructure provider
** Up to last close, ORCL stock has fallen ~32% YTD

 (Reporting by Anhata Rooprai in Bengaluru)
 ((Anhata.Rooprai@thomsonreuters.com))