Oracle +11% – Investor Day shows path to over 30 billion USD in free cash flow by 2029!
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Oracle expects over 30 billion USD in free cash flow by 2029 and plans to finance the AI expansion itself in the future. Seven gigawatts of additional data center capacity and new offerings with NVIDIA and Google are driving the AI cloud forward. For 2030, Oracle confirms at least 225 billion USD in revenue and 21 USD adjusted earnings per share. Oracle (ORCL) presented a financing plan for its AI data center boom on October 28 and saw a 10.7% increase in stock price. From 2029, the AI boom is expected to finance itself CFO Hilary Maxson...
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