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Oracle Shares Surge on AI Cloud Growth and Profitability Confidence

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Source: Bloomberg.com
Oracle Shares Surge on AI Cloud Growth and Profitability Confidence
Photo: Bloomberg.com
TL;DR

Oracle shares rose after announcing that its AI cloud infrastructure projects could achieve a gross margin of 35%, alleviating concerns about profitability. The company expects to reach $225 billion in annual revenue by 2030, surpassing analyst estimates, with a projected $21 per share in profit, driven by large deals with major AI players like OpenAI and Meta.

Topics:top-newsbusiness#ai-cloud#business#data-centers#financial-forecast#gross-margin#oracle
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  1. Oracle Rallies After Saying AI Cloud Gross Margin Can Be 35%  Bloomberg.com
  2. Oracle stock jumps 4% as company says cloud revenue will skyrocket to $166B by 2030  Yahoo Finance
  3. Oracle Assures Investors on AI Cloud Margins as It Struggles to Profit From Older Nvidia Chips  The Information
  4. Oracle stock rises as company confirms Meta cloud deal  CNBC
  5. Oracle’s stock rises as Wall Street’s AI profitability concerns are put to rest  MarketWatch

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