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AI Money: Nvidia Soars, Oracle Invests $1B in Spain
ORCLOracle(ORCL) PYMNTS.com·2024-06-20 23:23

In a week of seismic shifts in the tech industry, Nvidia has claimed the title of world’s most valuable company, surpassing a $3 trillion market cap on the back of soaring artificial intelligence (AI) demand, while Oracle announced a $1 billion investment in Spanish cloud infrastructure to compete with other cloud giants in Europe. Meanwhile, Accenture’s latest earnings report revealed strong AI bookings but sluggish overall growth, highlighting the uneven impact of AI across the tech sector. These developm ...