Dow Jones Futures Rise With Federal Reserve, CPI Inflation Due; EU Hikes Tariffs On Chinese EVs

The Federal Reserve meeting and CPI inflation loom. Oracle soared overnight while the EU hiked tariffs on Chinese EVs. Read More...

Oracle gains as cloud infrastructure business gets AI boost

If the gains hold, the company will add more than $28 billion to its market valuation of $340 billion as of Tuesday market close. Oracle has been ramping up its cloud infrastructure unit, which is expected to drive growth by renting out cloud computing and storage to companies, but will face competition from Alphabet’s Google, Microsoft and Amazon.com. Oracle’s cloud infrastructure, pitched as a less-expensive option to its rivals, has attracted business from venture capital-funded generative AI startups, including Elon Musk’s xAI.


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