Oracle's AI Boosts Cloud Demand

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Oracle Chairman Larry Ellison

Investor's Business Daily

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Technology

Oracle's AI buzzy AI project, Stargate, is still in its early stages

Summary

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79% Informative

Oracle Chairman Larry Ellison said Wall Street can expect the first contract from the Stargate project "fairly soon" The massive infrastructure project could spend $500 billion on data centers over the next five years .

Industry experts are puzzling over the details as the buzzy project remains in its early stages.

Oracle stock's Relative Strength rating has slumped to 76 out of 99 , compared to 89 three weeks ago .

Morgan Stanley's Weiss : "Bottom line, Oracle has work to do in convincing investors of the long-term value of their building RPO balance" Catz: "I'll be explaining it to you once it's fully laid out, but it's not going to make your work harder".

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formal

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English

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not hateful