Tech Up as Oracle Earnings Quell AI Worries -- Tech Roundup
Dow Jones
Yesterday
Shares of technology companies rose after Oracle's earnings quelled concerns about the sustainability of spending on artificial-intelligence infrastructure.
Shares of Oracle leapt more than 10% after demand from companies building AI models boosted its cloud-computing revenue. Oracle also forecast robust revenue growth continuing through 2027, alleviating concerns that it was overspending on AI infrastructure.
Nvidia will invest $2 billion in Nebius Group as part of a strategic partnership to expand AI cloud infrastructure.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 11, 2026 18:01 ET (22:01 GMT)
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