Oracle hovers near $1 trillion valuation on AI-driven gains
Ana Maria Rus
Oracle's shares dipped slightly on Thursday, following a record-breaking surge in the previous session driven by strong gains in the company's AI cloud business. The enterprise software maker's remarkable rise, fueled by a wave of multi-billion-dollar cloud deals, puts the spotlight on the scramble for computing power from companies that are pouring billions to become leaders in the AI race. "Oracle lit a fire under the rekindled AI trade," said Richard Hunter, head of markets at Interactive
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