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Oracle's Cloud Growth and Strategic Deals Drive Stock Surge

1 min read
Source: Yahoo Finance
Oracle's Cloud Growth and Strategic Deals Drive Stock Surge
Photo: Yahoo Finance
TL;DR Summary

Oracle projects its cloud infrastructure revenue to reach $166 billion by 2030, driven by significant bookings including a $20 billion deal with Meta and collaborations with OpenAI, with margins expected to be steady at 30-40%.

Topics:top-news#ai-infrastructure#business#cloud-computing#cloud-sales-forecast#openai#oracle
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  1. Oracle expects cloud infrastructure revenue to be $166 billion in FY30  Yahoo Finance
  2. Oracle’s stock rises as Wall Street’s AI profitability concerns are put to rest  MarketWatch
  3. Oracle stock rises as company confirms Meta cloud deal  CNBC
  4. Prediction: This Hypergrowth Stock Will Be the First $10 Trillion Stock (Hint: It's Not Nvidia)  The Motley Fool
  5. Oracle Weighs In on Cloud Margins. The Stock Is Rising.  Barron's

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