92 Days
Source:
الاقتصادية
Oracle's path to trillion-dollar valuation
Oracle announced strong financial performance, reporting record revenues in infrastructure of 93% year-over-year to reach $5.79 billion, alongside a record contract backlog valued at $638 billion. However, its shares have declined by 23.33% since the beginning of the year amid concerns over rising capital expenditures and debt, which have challenged hopes of reaching a trillion-dollar market cap by 2030. Despite this, some analysts remain optimistic, predicting the stock could rise to $400. The company plans to double its cloud infrastructure revenues to $144 billion by 2030, relying on the success of its three-pronged strategy to achieve that goal.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)