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Oracle pops 21% on growth projections even as earnings miss estimates
Summary by Ground News
17 Articles
17 Articles
Oracle Shares Jump to Record High on Bullish Cloud Outlook
Oracle Corp. shares surged to a record after the company gave an aggressive outlook for its cloud business, stunning Wall Street and galvanizing hopes that the post-ChatGPT global AI infrastructure build-out is accelerating.
·United States
Read Full ArticleOracle raises annual cloud infrastructure revenue forecast, shares jump
Oracle said on Tuesday it expects revenue in its Oracle Cloud Infrastructure business to grow 77% this year, from earlier projections of 70%, boosted by growing cloud demand and sending its shares up 20% after the bell.
·United Kingdom
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Total News Sources17
Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
Factuality
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