Reported about 4 hours ago
Recent developments in artificial intelligence are propelling Oracle Cloud Infrastructure (OCI) towards significant growth, as evidenced by a staggering 359% year-over-year increase in its remaining performance obligations. This places OCI on a trajectory to challenge major cloud providers like Amazon, Microsoft, and Google, with forecasts suggesting it could generate $144 billion in cloud revenue by 2030. Although Oracle's valuation appears high, its growth prospects may indicate an undervalued stock in the long run.
Source: YAHOO