Posted 12/14/2023, 12:53:00 PM
Oracle Cloud Soars as AI Fuels Growth, But Supply Can't Keep Pace with Customer Demand
- Oracle's cloud infrastructure revenue grew 52% last quarter as demand for AI services booms
- Oracle is expanding data centers rapidly but still can't keep up with customer demand
- Oracle's new Gen2 cloud infrastructure is highly efficient and profitable
- AI presents a massive $13 trillion global economic opportunity by 2030 that Oracle is poised to capitalize on
- At a P/E of 29, Oracle stock looks undervalued compared to rivals given its growth prospects in AI cloud services