Nvidia may have a rival on the dance floor: Oracle

Core Insights - Nvidia remains a dominant player in the AI chip market, with significant demand from major customers like Amazon, Microsoft, Google, and Meta [1] - Oracle is emerging as a serious contender in the AI space, evidenced by a 36% stock surge following strong cloud demand numbers [2] - Oracle reported $332 billion in bookings for its latest quarter, marking a significant shift towards becoming a Data Center Operator, despite missing revenue and earnings estimates [3] - The company signed four multibillion-dollar contracts, leading to a 359% year-over-year increase in remaining performance obligations [4] - Oracle's management anticipates a substantial increase in Cloud Infrastructure revenue, projecting growth from $18 billion in FY26 to $114 billion in FY29 [5]