Absurd AI spend delivers big returns for US cloud giants
US bond yields are rocketing up alongside the price of oil. And analysts cannot see any easy solution to the worsening situation, with the US-Iran conflict to continue. The rising price of debt isn't a worry for the indebted cloud giants, with Oracle the last to report, they're proving their massive spend to build artificial intelligence capability is paying off.
Today's watchlist: Oracle, Google, New Hope
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The skinny
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