Oracle stock soars after CEO says AI-fueled cloud revenue set to jump to $144 billion
Oracle (ORCL) stock jumped as much as 39% in early trading Wednesday after the software giant said its AI-fueled cloud revenue is set to jump to 20 billion for the business in its current fiscal year. "We expect Oracle Cloud Infrastructure revenue to grow 77% to 32 billion, 114 billion, and $144 billion over the subsequent four year ...