Oracle reports 46% revenue increase from Oracle Cloud Infrastructure, aiming for a $1 trillion market valuation.

Oracle, founded in 1977, is emerging as a key player in AI data center infrastructure, potentially reaching a $1 trillion market valuation. With a current market cap of $429 billion, Oracle has reported a 46% increase in revenue from its Oracle Cloud Infrastructure (OCI) segment. The company’s automation and use of Nvidia GPUs position it competitively, attracting clients like OpenAI. Forecasts suggest a 24% earnings growth for fiscal 2025, supporting its valuation ambitions.

September 14, 2024
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