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Oracle shares soar on $144 billion AI cloud revenue forecast

Oracle shares rocketed after it stunned investors with forecasts of 144billionrevenueby2030,fueledbyanAIdrivencloudcomputingboom.Theturnaroundrepresentsagiantleapfromprojectionsofjust144 billion revenue by 2030, fueled by an AI-driven cloud computing boom. The turnaround represents a giant leap from projections of just 18 billion for the current fiscal year, and has led to Oracle shares gaining 32% in premarket trading. "We expect Oracle Cloud Infrastructure revenue to grow 77% to 18billionthisfiscalyearandthenincreaseto18 billion this fiscal year — and then increase to 32 billion, 73billion,73 billion, 114 billion, and $144 billion over the subsequent four ye ...