Oracle experienced a significant increase in its stock price today following a substantial boost in bookings related to its cloud computing services. The company’s recent success in the competitive cloud market is attributed to its established database software expertise. Notably, Oracle entered into a landmark agreement with OpenAI, committing 4.5 gigawatts of energy capacity to power millions of American homes. This collaboration further strengthens Oracle’s position within the burgeoning cloud infrastructure sector.
Credits: News – South China Morning Post