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Oracle's quarterly profit, which exceeded expectations after overnight trading, boosted the company's stock price by 14%. The financial report shows that against the backdrop of the booming development of artificial intelligence, the demand for its cloud computing services is increasing. Oracle's cloud revenue jumped 25% to $5.1 billion in the third quarter of February, exceeding Wall Street's expectations, with $1.8 billion coming from computing and storage rental businesses and $3.3 billion from applications. Oracle also stated that the company will soon release an exciting joint statement with Nvidia; The previous outlook for the 2026 fiscal year may have been too conservative; It is expected that capital expenditures in the fourth fiscal quarter will significantly increase due to cloud computing centers.
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