Oracle shares surged more than 5% on Wednesday after the company announced a multiyear partnership with Quantinuum to bring quantum computing to its cloud platform. The rise came at a striking moment for the technology giant.
Oracle is pouring billions of dollars into AI infrastructure and data centres. At the same time, a report says the company is preparing another round of job cuts, with some teams potentially facing reductions in the double-digit percentage range. The contrast puts Oracle's wider strategy under the spotlight. The company is betting heavily on the next generation of computing while taking steps to control its costs.
