Oracle's $455B Cloud Surge: AI Boom Continues

Oracle's $455B AI Cloud Backlog Sends Stock Soaring: Is This the Future of Tech? Oracle's stock skyrocketed 40% after announcing a massive surge in cloud contracts, fueled by AI deals potentially involving OpenAI, Meta, and Nvidia. Despite missing earnings forecasts, Oracle's ambitious growth projections and infrastructure expansion plans ignited market optimism, boosting AI stocks and pushing Larry Ellison past Elon Musk as the world's richest person. Is Oracle's AI cloud dominance sustainable, or are there hidden risks beneath the surface? Hosted on Acast. See acast.com/privacy for more information.