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Oracle Surges on Citi Upgrade Highlighting Insatiable AI Infrastructure Demand

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The Story

News Summary

  • Citigroup upgraded Oracle, citing an extreme valuation dislocation and insatiable artificial intelligence demand despite heavy infrastructure spending and cash burn.
  • Oracle is aggressively expanding AI data center capacity to support major clients including Microsoft and OpenAI, underscoring sustained enterprise appetite for high-performance computing.
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