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flag Oracle reports strong cloud growth despite missing revenue targets, fueled by AI demand.

flag Oracle reported a 6% rise in third-quarter revenue to $14.1 billion but missed analysts' expectations. flag Cloud revenue surged 23% to $6.2 billion, with infrastructure revenue up 49% due to high demand for AI projects. flag The company is investing in data centers and expects to double its capacity this year. flag Oracle's CEO projects 15-20% revenue growth over the next fiscal years, with strong AI and cloud demand driving future success. flag Despite missing earnings targets, Oracle's cloud business growth has fueled optimism, especially around its Stargate AI project.

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