Reported 29 days ago
Oracle, once seen as a laggard in cloud computing, has repurposed its late entry into the field to become a competitive player in the AI space with significant recent growth in its stock. The company's focus on AI infrastructure and partnerships with firms such as Microsoft and Nvidia are driving its resurgence, as it reports a 45% increase in cloud revenue. However, analysts express concerns about the sustainability of Oracle's current momentum, given the volatile nature of AI spending.
Source: YAHOO