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Oracle’s AI-Driven Growth Sparks Stock Surge Amid OpenAI Dependency Concerns
Oracle’s AI-Driven Growth Sparks Stock Surge Amid OpenAI Dependency Concerns
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BTCCSquare news:
Oracle Corporation (ORCL) opened fiscal 2026 with a 36% single-session stock surge—its sharpest since 1992—as cloud revenue jumped 27% to $7.2 billion. Infrastructure demand, fueled by partnerships with OpenAI, Meta, and Nvidia, drove a 54% spike in cloud infrastructure revenue to $3.3 billion. Multi-cloud database services grew over 1,500%, though EPS of $1.47 narrowly missed estimates.
The rally masks concentration risk: $455 billion in performance obligations reportedly hinge on a $300 billion OpenAI compute deal starting in 2027. The AI firm’s unprofitability ($12 billion annual revenue) raises execution questions for Oracle’s hyperscale ambitions.
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