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Finance: Oracle reaffirms its capital expenditure forecast and reports growth in cloud services, resulting in a 7% increase in its stock price.

Sep 10, 2026 - 21:05
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Finance: Oracle reaffirms its capital expenditure forecast and reports growth in cloud services, resulting in a 7% increase in its stock price.
🚀 Oracle is keeping its capital expenditure forecast steady at $90B-$95B for fiscal 2027, even after reporting a massive 121% growth in cloud revenue, which sent shares up 7%! 💰 Co-CEO Clay Magouyrk emphasized innovative financing models to balance AI investments with profitability. 📈 #Oracle #CloudGrowth #AI

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