The Oracle story is now all about the cloud, Eric J. Savitz writes in this week’s edition of Barron’s. The market’s new enthusiasm for Oracle has pushed the 47-year-old company into the spotlight for the first time in many years, driving Oracle’s share price to record highs. This past Monday, Oracle added fuel to the fire, posting better-than-expected financial results for the quarter and fiscal year ended in May, the author notes. A day after earnings, Oracle announced that it would be adding generative AI features across its enterprise software lineup in the coming weeks. And it unveiled a new partnership with the large language model start-up Cohere. The torrent of upbeat news is forcing the stock’s skeptics to reconsider, the publication adds.
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