Oracle stock surges: Hits record high on $30bn cloud deal; revenue to flow from FY28
Oracle's stock surged to a record high following the announcement of a major cloud computing agreement projected to generate over $30 billion in annual revenue starting in fiscal year 2028. This deal, potentially linked to OpenAI and SoftBank's Stargate project, underscores Oracle's growing influence in AI infrastructure and cloud services.
Oracle's stock surged to a record high following the announcement of a major cloud computing agreement projected to generate over $30 billion in annual revenue starting in fiscal year 2028. This deal, potentially linked to OpenAI and SoftBank's Stargate project, underscores Oracle's growing influence in AI infrastructure and cloud services. What's Your Reaction?
