Oracle to Invest $6.5B in Malaysia AI Hub: How to Play the Stock
ORCLOracle(ORCL) ZACKS·2024-10-04 22:20

Oracle (ORCL) recently announced plans to invest $6.5 billion in a Malaysian public cloud region, which marks a significant strategic move in the competitive AI and cloud computing landscape. This initiative not only represents one of the largest foreign investments in Malaysia's tech sector but also positions Oracle to tap into the growing Southeast Asian market while enhancing its global AI capabilities.The new cloud region will offer Oracle's customers and partners in Malaysia access to advanced AI infra ...