NYSE:ORCLSoftware
Oracle’s AI Data Center Splurge and TikTok Role Might Change The Case For Investing In Oracle (ORCL)
In recent months, Oracle has ramped up capital spending to build AI-focused data centers, signed multi-billion dollar cloud deals with partners such as OpenAI, Nvidia and Meta, and taken a leading role in TikTok’s U.S. operations to channel more AI workloads onto Oracle Cloud Infrastructure.
This aggressive push has made Oracle a central test case for whether massive AI infrastructure commitments and a very large contracted backlog can be converted into durable, profitable cloud revenue...