Oracle maintains its capex forecast and reports cloud growth, sending shares up 7%
Many major cloud companies have continued raising their AI spending forecasts as they race to build more data centers and expand AI capacity.
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# Oracle Stock Surges on Cloud Momentum and Capex Confidence Oracle maintained its capital expenditure forecast while reporting strong cloud growth, which reassured investors about the company's ability to balance aggressive AI infrastructure investments with profitability, driving shares up 7%. The move contrasts with other major cloud providers that have been continuously raising their AI spending forecasts, positioning Oracle as disciplined in its approach to the competitive data center expansion race.
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