Oracle gains as cloud infrastructure business gets AI boost

Oracle shares jumped nearly 9% on Wednesday as investors cheered a boom in demand for the company's relatively low-cost cloud infrastructure services from artificial intelligence applications.

Jun 12, 2024 - 10:30
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Oracle gains as cloud infrastructure business gets AI boost
Oracle shares jumped nearly 9% on Wednesday as investors cheered a boom in demand for the company's relatively low-cost cloud infrastructure services from artificial intelligence applications.

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