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Oracle Q1 AI Cloud Revenue Surges 121% as Infrastructure Demand Outstrips Supply

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Oracle posted strong Q1 earnings, driven by a 121% surge in cloud infrastructure revenue and over $30 billion in new AI bookings.
  • Management highlighted that AI training and inferencing demand continues to outpace capacity, reinforcing positive sentiment around broader data center and AI hardware spending.
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