Oracle stock rises as company confirms Meta cloud deal
1. Oracle announces a new cloud-computing deal with Meta worth $20 billion. 2. Oracle's revenue from AI-powered database expected to rise to $20 billion by 2030. 3. Meta plans to spend between $66 billion and $72 billion in capital expenditures. 4. Oracle secured $65 billion in new cloud infrastructure contracts recently. 5. Competition intensifies as Oracle expands its cloud offerings against Amazon and Google.