| Ryuu96 said: Fucking UGH! Skydance is trash, Larry Ellison is trash, and another horizontal merger of two mega corps. This comes only days after Oracle's stock soared and made Larry Ellison the richest man in the world temporarily. ==== Oracle (ORCL) stock jumped over 36% Wednesday to a new record close after the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year. That marks a massive leap from the company's projection of less than $20 billion for the business in its current fiscal year. "We expect Oracle Cloud Infrastructure revenue to grow 77% to $18 billion this fiscal year — and then increase to $32 billion, $73 billion, $114 billion, and $144 billion over the subsequent four years," CEO Safra Catz said in a statement on Tuesday. Oracle stock's rise Wednesday was its biggest single-day gain since December 1992 and added roughly $250 billion to the software giant's market capitalization. Oracle stock soars after CEO says AI-fueled cloud revenue set to jump to $144 billion |
This is a bit scary. With those projections it means a major tech company like Oracle has something up its sleeve (pipeline), that is not public info yet. Wonder what it will be.
