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flag Oracle's stock soared 30% as the company projects massive cloud revenue growth fueled by AI demand.

flag Oracle's stock surged over 30% after the company reported strong growth in its cloud business, driven by AI demand. flag Despite missing Wall Street's revenue and earnings targets, Oracle forecast a massive increase in cloud revenue, reaching $18 billion this year and $144 billion by 2030. flag The company signed four large contracts, pushing its backlog to $455 billion. flag Oracle's CEO, Safra Catz, highlighted the company's competitive edge in AI infrastructure and its potential to outperform rivals like AWS and Azure.

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