Oracle and Nvidia Partner For Better Cloud AI Computation Solutions - NVIDIA (NASDAQ:NVDA), Oracle (NYSE:ORCL)

Oracle Corp ORCL and NVIDIA Corp NVDA forged a multi-year partnership to help customers solve business challenges with accelerated computing and AI.
The partnership aims to bring the full NVIDIA accelerated computing stack from GPUs to systems to software to Oracle Cloud Infrastructure (OCI).
OCI added tens of thousands more NVIDIA GPUs, including the A100 and upcoming H100, to its capacity.
Combined with OCI's AI cloud infrastructure of bare metal, cluster networking, and storage, this provides enterprises with a broad, easily accessible portfolio of options for AI training and deep learning inference at scale.
Oracle CEO Safra Catz said, "Our expanded alliance with NVIDIA will deliver the best of both companies' expertise to help customers across industries – from healthcare and manufacturing to telecommunications and financial services – overcome the multitude of challenges they face."
"Accelerated computing and AI are key to tackling rising costs in every aspect of operating businesses," NVIDIA CEO and founder Jensen Huang said.
U.S. restricted the sales of high-performance AI chips for servers, the A100 and H100, to China and Russia.
However, it authorized exports, reexports, and in-country transfers needed to continue Nvidia's development of H100 integrated circuits.
The U.S. aimed to restrict U.S. exports of certain semiconductors and equipment, fearing China's exploitation of the same for military purposes.
Nvidia CEO Jensen Huang warned analysts against Chinese cloud companies slowing down building out their data centers and that China was a "very large market" for the company.
Price Action: NVDA shares traded lower by 0.90% at $118.59 in the premarket on the last check Wednesday.

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