Oracle's Cloud Soars: A Tech Sector Lift-Off

Oracle's stock skyrocketed 31% in Frankfurt after projecting its cloud infrastructure revenue to surpass half a trillion dollars, signaling a major win in its battle against cloud giants like Amazon and Microsoft. This surge boosted other European tech stocks, including SAP, reflecting growing investor confidence in the cloud computing sector and hinting at significant future payoffs for well-positioned companies. All eyes are now on Oracle to maintain this momentum. Hosted on Acast. See acast.com/privacy for more information.