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Oracle Shares Surge on Cloud Infrastructure Ambitions

Oracle Shares Surge on Cloud Infrastructure Ambitions

Author:

Global Cryptocurrency

Published:

2026-03-03 10:22:02

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Oracle Corp. shares climbed 2.6% in extended trading, reaching $149.25 after briefly touching $150.15, as investors rallied behind the company's aggressive cloud infrastructure plans. Trading volume hit 22.4 million shares, outpacing the S&P 500's marginal gain and the Dow's decline.

The tech giant unveiled a $45–50 billion funding strategy for 2026 to accelerate Oracle Cloud Infrastructure growth, split evenly between equity and debt. Market attention now shifts to March 9 earnings, where spending plans and revenue targets will face scrutiny.

While Microsoft gained 1.48%, Alphabet slid 1.6% in a mixed session for tech peers. Oracle's ability to manage debt while scaling AI-driven cloud services remains the critical challenge ahead.

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