Oracle CFO Hilary Maxson told IBD that cloud demand remains strong and the company is confident in its long-term growth targets. Oracle stock rose 9% on Wednesday amid a broader AI stock rally. Maxson addressed the company's $225 billion-plus fiscal 2030 revenue target, capital spending plans, and the recent $20 billion fundraising. She said the company is focused on delivering seven gigawatts of new data center capacity over the next two years. Maxson noted that anti-data center sentiment is a known risk but that existing projects are already under construction.
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