Oracle Rides AI Wave, Inks Nvidia Deal Amid Booming Cloud Growth
• Oracle AI demand 'substantially exceeds supply'; tech giant expanding data centers very rapidly to meet AI growth
• Oracle signed major deal with Nvidia; 'nice joint announcements' expected next week around AI partnership
• Oracle cloud revenue up 25% year-over-year; cloud infrastructure growth at 52% outpaced AWS, Google Cloud, Microsoft Azure
• SoundHound, Nvidia, Meta stocks rallied as Oracle results suggest accelerating AI adoption across industries
• Companies like SoundHound, Nvidia, Meta well-positioned to profit from expanding AI applications and demand