Oracle stock surges: Hits record high on $30bn cloud deal; revenue...

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2025-07-02 10:50:11 -

Oracle stock surges: Hits record high on $30bn cloud deal; revenue to flow from FY28

Oracle's stock surged to a record high following the announcement of a major cloud computing agreement projected to generate over $30 billion in annual revenue starting in fiscal year 2028. This deal, potentially linked to OpenAI and SoftBank's Stargate project, underscores Oracle's growing influence in AI infrastructure and cloud services.

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