Tech giant Oracle on Wednesday said it plans to invest more than $6.5 billion on cloud services data centers in Malaysia, joining a list of US titans rushing to build up their AI infrastructure in Southeast Asia.
Oracle Corp. plans to invest more than $6.5 billion to establish a public cloud region in Malaysia, aiming to meet the country's growing demand for artificial intelligence and cloud services.
Oracle plans to invest more than $6.5 billion to set up its first public cloud region in Malaysia, the company said on Wednesday, the latest major investment by a global tech firm into the Southeast Asian country.
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The programmatic advertising market is benefiting from the adoption of AI, and this is helping The Trade Desk clock stronger growth than before. The need to rent cloud infrastructure to train AI models has boosted Oracle's growth, and its growth rate is expected to keep improving.
Zacks.com users have recently been watching Oracle (ORCL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Oracle is expecting a significant jump in its earnings growth rate over the next five years. A huge need for its cloud infrastructure to train AI models has led to healthy growth in demand.
Oracle's cloud growth is being driven by AI tailwinds. C3.ai hasn't proven its business model is sustainable yet.
With Oracle stock surging, an analyst sees a big opportunity for the company in its partnerships with Azure, AWS and Google.
Oracle Co. NYSE: ORCL started as a pioneer in relational databases for businesses in 1977. The company has transformed itself into a major provider of cloud-based software as a service (SaaS) and infrastructure as a service (IaaS) platform to enterprises across 175 countries.
Nvidia stock trades 14% below its all-time high as some investors worry about a possible slowdown in its business. Billionaire Larry Ellison while discussing Oracle earlier this month, made comments that should please Nvidia investors.
Oracle Corp's ORCL stock has been on fire, up a whopping 20% in September alone, riding the wave of the company's bold AI and cloud infrastructure moves.