Oracle Skyrocketed Based on Its AI Outlook. Is It Too Late to Buy the Stock?

Oracle's cloud computing strength could be seen in its latest quarterly results. Its cloud infrastructure revenue surged 55% year over year to $3.3 billion. Meanwhile, within the segment, it said its multicloud database revenue from the big three cloud providers soared by 1,529% in the quarter. Meanwhile, it plans to build 37 new data centers for them in the coming years. What got investors really excited was the company's forecast that its cloud infrastructure revenue would hit$ 144 billion by fiscal 2030, ...