Oracle gives strong expectations, and feed Stargate Cloud optimism

(Bloomberg) – Oracle Corp has informed an increase in reservations and provided revenues for the fiscal year that begins in June, which has been issued, which provides trust that the company is gaining senior cloud infrastructure agents.

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“We have now signed cloud agreements with many leading technology companies in the world including: Openai, XAI, Meta, Nvidia and AMD,” said Caters Catzer Monday said in a statement. ))

Oracle’s efforts have been validated in the past few years to become a major player in the competitive industry of renting computing and storage recently when the company announced a joint in the White House with Openai and Softbank Group Corp. To spend at least $ 100 billion to build data centers to start AI. “The powerful demand for his cloud infrastructure for the IQ and partnership agency with the three largest cloud hyper.

With the profits, many investors expected an increase in cloud infrastructure reservations and capital expenditures due to the joint project, which is called Stargit. The first campus of the project is formed in Abeleen, Texas, where tens of thousands of artificial artificial intelligence chips will be delivered from NVIDIA Corp. In the coming months.

Katz said the remaining performance obligations, a measure of reservations, “will continue to grow quickly – and we look forward to signing the first contract in Stargit.”

Investors closely track spending at the data center throughout the industry for any signs of decline. Chinese DEPSEK model has released a new model for Amnesty International’s source, which claims to compete with the capabilities of American technology for a small part of the cost, raising fears that companies are investing a lot in building databases.

However, the Chairman of Oracle Larry Ellson said that the customer’s request is “at standard levels” and the company is scheduled to double its capacity in the data center in the evaluation year.

The shares have gained about 1 % in trading extending after closing at $ 148.79 in New York. The stock decreased by 11 % this year, in line with the direction of a wider stock market.