Oracle shares jump over 5% on potential $10 billion cloud deal with Elon Musk’s xAI

Oracle Corp. (NYSE:ORCL) saw its shares rise by as much as 5.3% following a report from The Information that the company is nearing a $10 billion cloud contract with Elon Musk’s artificial intelligence startup, xAI. This development marks a significant step for Oracle in the competitive cloud infrastructure market. Oracle Chairman Ellison’s previous announcement Last […]