recently, Oracle has seen a resurgence in popularity within the tech industry due to its focus on artificial intelligence. Developers are increasingly utilizing Oracle’s cloud computing facilities for training AI tools, leading to a surge in the company’s stock price to an all-time high of $144.64. Despite not reporting any specific results, Oracle’s stock rose by about a tenth last week.
Oracle, a 50-year-old business based in Silicon Valley, was once considered behind the curve in the AI race but has now positioned itself as a key player in the field. The company offers a range of enterprise software solutions, including applications, infrastructure, and hardware, with a strong focus on database and data management. Additionally, Oracle provides cloud hosting infrastructure that allows other companies to rent computing power and storage.
The growing enthusiasm for AI and Oracle’s strategic shift towards artificial intelligence have generated significant interest in the company and its offerings. As more developers turn to Oracle’s cloud computing facilities for AI training, the company’s stock price continues to climb. However, questions remain about the sustainability of this growth and how long Oracle can maintain its current trajectory.
Overall, Oracle’s evolution into a key player in AI highlights the company’s ability to adapt to changing technology trends and remain competitive in the fast-paced tech industry. With its strong focus on cloud computing and artificial intelligence, Oracle is well-positioned for continued growth and success in the future.
Article Source
https://www.thetimes.com/business-money/markets/article/future-looks-good-for-oracle-on-back-of-cloud-and-ai-8q78nvdtt
