$Oracle(ORCL.US)At its annual conference in Las Vegas, Oracle announced that its large-scale AI infrastructure project is expected to achieve a gross margin of 35%, with a revenue target of $225 billion by fiscal year 2030. This eased market concerns about the profitability of its new business, and the stock price surged nearly 6%. Although subsequent long-term forecasts led to a roughly 2% drop in the share price, analysts believe the new information improves expectations for future profitability. However, with over $500 billion in outstanding orders, unresolved business issues could still weigh on the stock.
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