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Government Discounts

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business6 months ago

Oracle Shares Dip After AI Rally and Government Discount Deals

Oracle's stock experienced a slight decline after announcing a significant discount deal with the U.S. government for cloud services, following a strong rally last week driven by large cloud agreements and AI-related growth prospects. The company is also involved in a potential TikTok deal and is expanding its cloud infrastructure revenue, positioning itself as a key player in AI cloud computing. Despite the dip, Oracle remains near record highs with a 39% increase year-to-date.