Oracle shares rally on strong revenue forecast from AI data centres
Larry Ellison’s database group posted better than expected earnings from its cloud unit
Larry Ellison’s database group posted better than expected earnings from its cloud unit

Larry Ellison’s company raises its capital expenditure forecast as it doubles down on AI infrastructure bet

Chief says cloud infrastructure business was expected to grow more than 70% in the next fiscal year

The group’s shares jumped nearly 40% lifting its valuation close to $1tn

US chipmaker reports better than expected revenue and financial guidance

Larry Ellison’s software company falls more than rivals over its borrowing and reliance on OpenAI contracts

US database company’s earnings published on Wednesday fell short of forecasts amid concerns over AI boom