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32 mins

AI Stocks Are Driving This Market Rally. Why It’s Not a Dot-Com Bubble Repeat.

1. Oracle's order backlog reached $455 billion, boosting its AI trade prospects. 2. The cloud deal with OpenAI indicates robust demand despite current losses. 3. Larry Ellison's wealth increased as Oracle's revenue forecast exceeded expectations. 4. Tech competitors like Google and Microsoft show strong cloud demand. 5. Comparisons to the dot-com bubble may overlook current robust valuation metrics.

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FAQ

Why Bullish?

Oracle's substantial order backlog signals strong demand for its cloud services, leading to positive momentum similar to historical boosts during tech booms.

How important is it?

The article highlights Oracle's strong positioning in AI services, crucial for future growth and market confidence.

Why Long Term?

The AI and cloud computing sectors show sustained growth potential, indicating Oracle's upward trajectory beyond immediate market fluctuations.

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