• 17709
• July 02, 2025

Oracle stock surges: Hits record high on $30bn cloud deal; revenue to flow from FY28

Oracle's stock surged to a record high following the announcement of a major cloud computing agreement projected to generate over $30 billion in annual revenue starting in fiscal year 2028. This deal, potentially linked to OpenAI and SoftBank's Stargate project, underscores Oracle's growing influence in AI infrastructure and cloud services.

• News Source Indiatimes (Click to view full news): CLICK HERE

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• Business

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