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Oracle shares set for record high on AI-fuelled cloud growth

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Oracle Corp. reported better-than-expected bookings and announced partnership deals with tech rivals, giving a boost to Chairman Larry Ellison’s effort to redefine the software maker as a major competitor in the business of cloud computing.

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Oracle Reports Strong Bookings, Signaling Further Cloud MomentumOracle Corp. reported better-than-expected bookings, suggesting continued momentum for the company’s effort to compete in cloud computing against its larger tech rivals. The shares jumped about 9% in extended trading.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oracle's cloud installs can grow off of new partnershipsDespite missing fiscal fourth-quarter earnings estimates, Oracle (ORCL) shares are moving higher after Tuesday's market close. The cloud computing company...
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