Oracle (ORCL) plans to spend about $40B on Nvidia's (NVDA) high-end chips to power OpenAI's new Texas data center, according to a report by the Financial Times.

Bloomberg estimates that Microsoft spends roughly 47% of its capital expenditures directly on Nvidia’s chips and accounts for nearly 19% of Nvidia’s revenue on an annualized basis.

Alongside artificial intelligence powerhouses like Microsoft and ServiceNow, Cadence Design Systems has tapped technology ...