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Oracle gains as cloud infrastructure business gets AI boost

By Akash Sriram

Jun 13 2024 12:57AM

Demand up for relatively low-cost cloud services.

Oracle gains as cloud infrastructure business gets AI boost

(ROracle shares jumped nine percent as investors cheered a boom in demand for the company's relatively low-cost cloud infrastructure services from artificial intelligence applications. If the gains hold, the company will add about US$30 billion to its market valuation of US$340 billion as of ...

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