Finance: Oracle reaffirms its capital expenditure forecast and reports cloud growth, resulting in a 7% increase in its share price.
🚀 Oracle is sticking to its fiscal 2027 capex forecast of $90B-$95B despite rising AI costs. After reporting a whopping 121% growth in cloud revenue, shares jumped 7%! Co-CEO Clay Magouyrk emphasized smart financing strategies as they navigate heavy infrastructure investments. 💼 #Oracle #CloudComputing #AI
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