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Finance: Oracle reaffirms its capital expenditure forecast while reporting cloud growth, resulting in a 7% increase in its share price.

Sep 10, 2026 - 22:05
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Finance: Oracle reaffirms its capital expenditure forecast while reporting cloud growth, resulting in a 7% increase in its share price.
🚀 Oracle is sticking to its fiscal 2027 capital expenditure forecast of $90-$95 billion, with cloud revenue up 121%! 📈 After a solid earnings report, shares jumped 7%. Co-CEO Clay Magouyrk emphasized innovative financing models to balance AI investments and profitability. #Oracle #CloudComputing #AI

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