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Tuesday, 03/12/2024 8:07:50 AM

Tuesday, March 12, 2024 8:07:50 AM

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Oracle Soars 13% With Exceptional Growth and Boosts Nvidia Shares With Collaboration Announcement, and More

Source: IH Market News
Nvidia (NASDAQ:NVDA) – Nvidia shares are up 1.7% in Tuesday’s pre-market, driven by Oracle‘s (NYSE:ORCL) emphasis on its importance in the artificial intelligence market. After Monday’s close, Oracle announced a new cloud computing infrastructure deal with Nvidia. Nvidia shares closed lower on Monday, but Oracle CEO Safra Catz indicated a promising collaboration in an earnings call. The statements suggested a continued demand for AI chips, potentially alleviating concerns about Nvidia’s chip shortage.

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