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Oracle's AI Cloud Demand Fuels Profitability Surge
InsiderTradesยท 2024-03-14 17:17
Key PointsOracle's Q3 results showcased exceptional growth in its AI-driven cloud services, signaling the company's strong position in the rapidly expanding AI market.Oracle's record-high Remaining Performance Obligations (RPO) and focus on margin expansion demonstrate financial strength and a commitment to sustainable profitability.Analysts expressed widespread optimism following the earnings report, upgrading price targets and highlighting Oracle's leadership in AI and cloud solutions.Oracle (NYSE: ORCL) ...