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AI News from ET - Oracle shares soar as AI cloud demand propels revenue forecast

Vishwadeep Khatri
in AI News & Two Lenses

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Oracle shares jumped nearly 8% after raising its annual revenue forecast, driven by strong demand for AI-powered cloud services. With fiscal 2026 revenue expected at $67 billion, the company’s transformation has boosted investor confidence, prompting multiple brokerages to raise their price targets.

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