Oracles stock closes out best week since 2001 on cloud momentum
Summary
Oracle posted its best weekly stock performance since 2001 after strong earnings and upbeat cloud guidance boosted investor confidence. The company reported revenue and earnings above estimates and raised expectations for the new fiscal year. Oracle highlighted fast growth in cloud infrastructure and AI-related workloads, saying demand is outpacing its ability to build data centers quickly enough. The company also increased capital spending plans and named major clients such as Meta, OpenAI, xAI, and several startups.
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NVIDIA Corporation
$1B+
Oracle
$1B+
Amazon
$1B+
Google LLC
$100M to $250M
Microsoft
$1B+
xAI
$10M to $25M
OpenAI
$25M to $50M
Meta
$1B+