Finance: Oracle upholds its capital expenditure forecast and reports cloud growth, resulting in a 7% increase in its share price.
🚀 Oracle is maintaining its fiscal 2027 capex forecast at $90B-$95B, despite rising AI spending pressures. With a remarkable 121% growth in cloud revenue, shares surged by 7%! Co-CEO Clay Magouyrk emphasizes innovative financing models to balance growth and profitability. #Oracle #CloudComputing
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