CNBC Exclusive: Excerpts: Oracle CEO Clay Magouyrk Speaks with CNBC’s David Faber on “Halftime Report” Today

WHEN: Today, Monday, June 1, 2026

WHERE: CNBC's "Halftime Report"

Following are excerpts from the unofficial transcript of a CNBC exclusive interview with Oracle CEO Clay Magouyrk on CNBC's "Halftime Report" (M-F, 12PM-1PM ET) today, Monday, June 1. Following is a link to video on CNBC.com: https://global-deals.online/video/2026/06/01/life-will-get-better-for-americans-once-we-build-scale-ai-data-centers-oracles-clay-magouyrk.html%3C/a%3E.

All references must be sourced to CNBC.

MAGOUYRK ON DEMAND FOR COMPUTE

CLAY MAGOUYRK: The demand is really, really high. And we see that ourselves at Oracle across our application portfolio, as well as the way we use software, these agents to kind of write all of our software, but we see it for our customers as well as embedded into things like our healthcare applications, our fusion applications. The demand is, I would say, still continues to outpace, outpace supply.

MAGOUYRK ON DEMAND

MAGOUYRK: There is more demand today than we can deliver, and we are out there constantly trying to figure out how do we deliver it as quickly as we can, because we see the huge benefits that AI brings, and we think it's really important that we get there and deliver that to our customers and all their customers.

MAGOUYRK ON BETTER LIFE FROM AI

MAGOUYRK: Are we in a race with this person or this person, that country or that country? What I know is that if we actually go out and we build things like what we're building here in Saline, I'm very confident that the American life will get better for all Americans.

MAGOUYRK ON DATA CENTER COST

MAGOUYRK: The way to think about it is that roughly, you know, if a site like this, like you said, $16 billion, it's going to be an additional 30 to 40 billion to put everything inside of it in terms of, you know, the networking, the GPUs, all that kind of stuff.

MAGOUYRK ON AI INFRASTRUCTURE

MAGOUYRK: Stargate is an all-encompassing kind of concept. What I can tell you about Oracle itself, you know, last quarter we delivered on the order of 400MW. You know we're on, on pace this quarter to deliver more than that. And then you'll continue to see acceleration from us.