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Oracle Stock Jumps as AI Demand Drives Cloud Revenues Higher
Through Thursday’s close, Oracle shares were down more than 50% from last September’s record high.Credit: Damian Lemanski / Bloomberg / Getty ImagesKey TakeawaysOracle shares surged in extended trading Thursday after the tech giant reported record results and gave a rosy outlook.Revenue from Oracle’s cloud infrastructure business more than doubled from a year ago as more data center capacity came online.Oracle’s stock is surging on gains in its cloud infrastructure business.Shares of Oracle were up more than 6% in extended trading Thursday, rising after the database and cloud infrastructure…
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