Tech: Oracle upholds its capital expenditure forecast and reports cloud growth, resulting in a 7% increase in its share price.
🚀 Oracle keeps its fiscal 2027 capex forecast steady at $90-$95 billion despite a massive jump to $28.5 billion in Q1. With a whopping 121% cloud revenue growth, shares soared 7%! 💹 As AI investments rise, Oracle's exploring new financing models to balance spending and profitability. #Oracle #CloudGrowth #AI
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