Posted 3/13/2024, 1:25:00 PM
Oracle Racing to Meet Surging AI Cloud Demand, Though Still Far Behind Big 3
- Oracle is far behind AWS, Azure, and Google Cloud in cloud infrastructure revenue, but is growing rapidly driven by AI demand
- Oracle is spending heavily on expanding cloud capacity, particularly for AI workloads
- AI demand for Oracle's cloud is very high, exceeding supply despite rapid expansion
- Cloud infrastructure revenue is still small part of Oracle's business, growth driven by some cloud apps
- Oracle stock valuation not cheap, but growth potential if cloud infrastructure growth continues