Oracle sparks bubble talk with stock price in dot-com territory – The Mercury News
(Bloomberg/Jeran Wittenstein) — For anyone concerned that artificial intelligence is fueling a bubble in technology stocks, Oracle Corp. has entered the conversation.
Shares of the database software company have soared more than 80% this year, the seventh-best performance in the S&P 500 Index, as scorching demand for AI computing turbocharges its revenue growth. The latest leg of the rally came after Oracle projected revenue in its cloud-computing business will jump 700% in the next three fiscal years, sending the stock up 36% on Sept. 10.
Oracle also has been linked to the Trump administration’s negotiations to keep TikTok operating in the US. The company has served as TikTok’s primary cloud infrastructure provider for years. On…
