Oracle Projects Strong Growth, Lockheed Drops, Starbucks Potential China Stake
On this edition of Stock Movers:- Oracle (ORCL) shares are up after the company projected cloud infrastructure sales will jump more than 70% in the fiscal year that began this month, boosting investor enthusiasm for the closely watched business. Oracle, long known for its database software, has been gaining in its effort to become a major player in the business of renting out computing power and storage by targeting clients focused on artificial intelligence work. Earlier this year, it announced a joint venture — dubbed Stargate — to provide OpenAI with massive sums of computing…
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