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Benzinga
Benzinga
Business
Anusuya Lahiri

Oracle Reaches Hyperscaler Heights With $300 Billion Bet On AI: Analyst

Oracle Brad Sills ORCL
Oracle Corporation

Oracle Corp (NYSE:ORCL) is emerging as the fourth major hyperscaler, expanding its artificial intelligence-driven data center footprint to rival other big tech giants.

Fueled by more than $300 billion in planned capital spending by 2030, Oracle is building an AI-native cloud business with predictable cash flows from long-term compute contracts, according to Bank of America Securities analyst Brad Sills.

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