Oracle’s NYSE: ORCL launch of Gen-2 Cloud services was slow, but the focus on quality over quantity is paying off. The company’s Q3 results and outlook confirm the 2nd wave of AI is here. The wave where all those chips NVIDIA NASDAQ: NVDA and Advanced Micro Devices NASDAQ: AMD produce are built into next-gen cloud infrastructure, paving the way for widespread technology adoption. The primary takeaway from the report is that demand for AI infrastructure exceeds supply, Oracle is ramping supply as quickly as it can, and business momentum is building, driving shareholder value.

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