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Oracle Stock (ORCL) Sustains Bullish Momentum Amid AI Expansion
Oracle Stock (ORCL) Sustains Bullish Momentum Amid AI Expansion
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Oracle Corporation (ORCL) continues its bullish trajectory, capitalizing on the AI revolution through its Cloud Infrastructure (OCI) segment. Fiscal Q3 results revealed a 51% year-over-year surge in OCI revenue to $2.7 billion, outpacing competitors like AWS and Azure. CEO Safra Catz attributes this growth to record-level AI demand, underscored by partnerships with OpenAI, Nvidia, and Meta.
The company's $130 billion backlog—a 62% annual increase—reflects robust demand for its cloud solutions. With shares up nearly 40% year-over-year and an attractive EPS outlook, Oracle remains a compelling play in the tech sector's AI-driven transformation.
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