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Oracle has shown remarkable stock performance with an 80% gain this year, but recent earnings fell short of expectations, causing an 8% drop in pre-market trading. Despite this setback, Oracle's revenue grew by 9% year-over-year, driven by strong demand for its cloud infrastructure services tailored for AI workloads. The company's remaining performance obligations surged by 50%, indicating robust future demand.
The significant increase in Oracle's cloud infrastructure revenue, particularly a 336% rise in GPU consumption, highlights the company's strong position in the AI market. Analysts predict continued growth for Oracle, with earnings expected to rise 13% in fiscal 2025. This positions Oracle favorably as cloud infrastructure spending is projected to increase significantly in 2025, making it an attractive investment opportunity.
• Oracle's cloud infrastructure revenue increased by 52% year-over-year.
• AI demand led to a 336% rise in GPU consumption for Oracle.
Cloud infrastructure refers to the hardware and software components that support cloud computing services, crucial for AI workloads.
RPO indicates the total value of contracts yet to be fulfilled, reflecting future revenue potential.
IaaS provides virtualized computing resources over the internet, essential for deploying AI applications.
Oracle specializes in cloud computing and database management, with a strong focus on AI-driven cloud infrastructure.
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