Oracle Struggles to Keep Pace with Gold Rush Demand for AI Cloud Products
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Oracle says AI driving huge demand for its cloud products, but keeping up with this "gold rush" is proving difficult.
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Oracle's cloud infrastructure revenue growth slowed last quarter, raising concerns about its ability to capitalize on AI cloud demand.
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Oracle is spending billions on data centers and GPUs to expand its cloud capacity for AI workloads. But it continues to face supply constraints.
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Oracle is growing faster than AWS and Azure in cloud infrastructure, but still lags far behind those giants in overall market share.
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Oracle expects to sustain 50%+ revenue growth in its cloud infrastructure business for years, betting big on the ongoing shift of workloads to the cloud.