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Nvidia, Broadcom, TSMC, other AI names rally on Oracle's massive growth projections
CNBC·2025-09-11 01:30

Oracle Corp Chief Executive Larry Ellison during a launch event at the company's headquarters in Redwood Shores, California June 10, 2014.Oracle's massive growth trajectory for cloud infrastructure is lifting all boats.The cloud giant forecasted skyrocketing sales to $114 billion in the company's fiscal 2029, signalling demand for artificial intelligence processing will remain high over the next few years, and will require Oracle to build out new data centers."The guide for a 14x of Oracle's cloud infra seg ...