AI
oracle: Oracle retreats after record run toward $1 trillion club on AI cloud boom
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Oracle shares retreated on Thursday after a record AI-driven surge in the previous session that brought the company closer to the trillion-dollar mark and put co-founder Larry Ellison within striking distance of the world’s richest person title.
The enterprise software maker’s remarkable rise, fueled by a wave of multi-billion-dollar cloud deals, puts the spotlight on the scramble for computing power from companies that are pouring billions to become leaders in the AI race.
Oracle‘s shares fell nearly 5% after climbing as much as 35.9% on Wednesday….
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