Oracle expects an AI boom until at least 2027, sending shares up 8%

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Oracle expects an AI boom until at least 2027, sending shares up 8%

By Reuters Videos
Publication Date: 2026-03-11 04:43:00

Reuters Videos

<span>HISTORY: :: Oracle</span><span>Oracle predicted Tuesday that the AI ​​data center boom will boost its revenue beyond Wall Street estimates well into 2027.</span><span>This saw the company’s shares rise over 8% in extended trading.</span><span>Oracle reported third-quarter revenue of just over $17 billion, beating estimates.</span><span>Sales growth of up to 21% is expected for the fourth quarter.</span><span>Tuesday’s results helped ease investor concerns about Oracle’s costly, multibillion-dollar push into the AI ​​computing industry.</span><span>:: Oracle</span><span>:: file</span><span>The company has taken a dramatic step toward building data centers for partners like OpenAI and Meta.</span><span>At the same time, there have been layoffs as the company uses smaller development teams and AI coding tools to roll out new software.</span><span>:: Oracle</span><span>:: file</span><span>Oracle has also invested heavily in expanding its cloud infrastructure to support generative AI, competing with hyperscalers such as Amazon’s AWS and Microsoft’s Azure.</span><span>In a conference call with investors, CEO Clay said…</span>

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