Oracle Shares Soaring 13% in the Third Quarter

Oracle Shares Soaring 13% in the Third Quarter

Yahoo Finance

Oracle soared 13% on Tuesday, on signs the firm was making progress in its plan to grab a share of the cloud-computing market. The database megacorp teased joint announcements with Nvidia coming up next week. Oracle has pitched itself as a low-cost cloud provider and spent billions of dollars on nvidia chips as it looks to compete with industry heavyweights Amazon.com and Microsoft.

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