Oracle sees AI boom through at least 2027, sending shares up 8%

Cristiana Gigina

March 10 : Oracle on Tuesday predicted that the AI data center boom will power its revenue above Wall Street estimates well into 2027, sending its shares up 8.3 per cent in extended trading.   The results help to allay investor concerns that Oracle's costly multi-billion dollar push into AI computing would not generate profits quickly enough. Oracle has made a dramatic turn toward building data centers for partners such as OpenAI and Meta, while at the same time enacting layoffs as it uses

Oracle sees AI boom through at least 2027, sending shares up 8% https://www.channelnewsasia.com/ - 02:51

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Oracle sees AI boom through at least 2027, sending shares up 8% https://www.channelnewsasia.com/ - 02:51