
Oracle ORCL.N stock advancing 1.3% and trading near record highs on Thurs after co announced deal to offer Alphabet's GOOGL.O Gemini AI models via Oracle cloud services and apps
Partnership lets Oracle customers use Google AI for text, video, images, audio generation, paid with Oracle cloud credits
Move expands Oracle's AI options for clients, while Google aims to boost cloud reach vs rivals like Microsoft MSFT.O
Shares ~4% below record high close on August 6. Stock is up about 48% YTD, outperforming S&P 500 .SPX which is up 10%
ORCL recently traded at 34x expected earnings, well above 5-yr avg forward PE of 19