BUZZ - Oracle achieves performance growth through expanded artificial intelligence chip partnerships and increased cloud computing capacity

October 27 - ** Cloud services company Oracle (ORCL.N) shares rose 4.8% to $132.2

** The company said it is expanding its collaboration with NVIDIA (NVDA.O) in the field of cloud AI chips (link), and introducing products from competitors including Google under Alphabet GOOGL.O

** This move will leverage NVIDIA's (NVDA) Vera Rubin servers to scale Oracle's (ORCL) AI infrastructure to multi-gigawatt capacities, while also introducing Google's Tensor Processing Units (TPUs) and chips from Cerebras CBRS.O and SambaNova for the first time

** CBRS shares rose 9.1% to $118.2, on track for the biggest intraday increase in more than three weeks

** Oracle said that having diversified chip suppliers will give clients greater flexibility and choice to match the most suitable infrastructure to each AI workload's performance and economic requirements

** Among 41 brokerages, 33 gave ORCL a “buy” or higher rating, 7 rated it “hold,” and 1 rated it “sell” or lower; the median target price is $240 — LSEG compiled data

** Including today's trading session volatility, ORCL has fallen 32.2% so far this year

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