Tencent signs $7 bn Oracle deal for 100K AI chips

Tencent reportedly signed a $7B deal with Oracle for 100,000 AI chips hosted outside China, adapting to restricted hardware access. The contract, if confirmed, would be Tencent's largest overseas compute lease, supporting its AI investments. Oracle's AI cloud business is expanding rapidly, with Q1 revenue up 121% YoY, but faces financial pressures from heavy spending.

Ukraine used the FP-7 missile in combat for the first time. Russia extended diesel export restrictions. 10-year US Treasury yield hit 5.342%, its highest since 2002. FT reported Tencent's 5-year deal with Oracle for 100,000 AI chips, valued at $7B.

Oracle (ORCL) reportedly secured a $7 billion, five-year cloud deal with Tencent (TCEHY) for Southeast Asian data centers, according to the Financial Times. Oracle stock fluctuated on the news.

Oracle reportedly agreed to a $7B, 5-year AI chip lease with Tencent, with 100,000 chips in Southeast Asia. Tencent aims to bypass US export controls. Neither company confirmed the deal. Oracle shares rose 2% premarket. Tencent's Q2 2026 AI capex rose 176% YoY to RMB 52.8-53B.

Tencent reportedly leased 100,000 AI chips from Oracle in a $7B deal over 5 years, with a 30% upfront payment. The agreement involves multiple data centers in Southeast Asia, according to the Financial Times. Neither company has confirmed the arrangement, which comes amid U.S. restrictions on high-performance semiconductor exports to China.

Oracle has agreed to lease 100,000 AI chips to Tencent in a $7 billion deal. The agreement highlights Oracle's expansion in the AI sector and its partnership with Tencent, a major player in the tech industry. This deal may impact both companies' financials and market positions.