Oracle shares jump as AI push perks up cloud demand

Name: Oracle shares jump as AI push perks up cloud demand
Uploaded: 2024-09-22T18:32:16Z
Description: STORY: Oracle shares jumped more than 14% in Tuesday morning trading as a push to embed artificial intelligence into its cloud products boosted quarterly results. Oracle was a late entrant to the cloud business, but its rapid AI investments have helped it narrow the gap with market leaders Microsoft and Amazon. Revenue from its cloud products, seen as less expensive than those from Microsoft and

STORY: Oracle shares jumped more than 14% in Tuesday morning trading as a push to embed artificial intelligence into its cloud products boosted quarterly results. Oracle was a late entrant to the cloud business, but its rapid AI investments have helped it narrow the gap with market leaders Microsoft and Amazon. Revenue from its cloud products, seen as less expensive than those from Microsoft and