Oracle shares jump on $500 billion cloud revenue prospects
Cristiana Gigina
Oracle shares soared about 29 per cent before the bell on Wednesday after the enterprise software company forecast booked revenue from its core cloud business to exceed half a trillion dollars over the next few months. If the gains hold, the company will add $208 billion to its market capital with shares at $312.65, taking the total valuation to $878.2 billion. The shares have risen 45 per cent so far this year, with investors betting big on AI-driven cloud firms. Oracle's competitors are
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