Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle shares surge 26% on cloud growth and OpenAI energy deal

Oracle’s shares hit a record high, driven by cloud growth and major deals with OpenAI and TikTok, forecasting aggressive future expansion.

Oracle, OpenAI Sign Massive $300 Billion Cloud Computing Deal

The vast majority of new revenue revealed by Oracle will come from OpenAI deal, sources say.

Oracle Forecasts $144B Cloud Revenue by 2030 Amid AI Surge

Oracle Corp. stunned investors this week with an audacious forecast for its cloud business, projecting that revenue from its Oracle Cloud Infrastructure (OCI) unit could soar to $144 billion by fiscal 2030, up from current levels amid surging demand for artificial intelligence capabilities. The announcement, made during the company’s fiscal first-quarter earnings call, sent shares skyrocketing 27% in after-hours trading, reflecting Wall Street’s…