Oracle shares soar on $144 billion AI cloud revenue forecast

Oracle shares rocketed after it stunned investors with forecasts of $144 billion revenue by 2030, fueled by an AI-driven cloud computing boom. The turnaround represents a giant leap from projections of just $18 billion for the current fiscal year, and has led to Oracle shares gaining 32% in premarket trading. "We expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year — and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four ye ...