How is Oracle's growth related to the AI boom?

Oracle's expected growth is closely tied to the continued AI-related spending by fellow tech giants, indicating that the AI boom is still going strong around three years into the technology's rapid rise.

How could the consumer price index data impact the Federal Reserve's next move?

The consumer price index data to be released on Thursday could be a crucial factor in shaping the Federal Reserve's next decision on interest rates.

Home / Business and Economy / AI Boom Fuels Oracle's Growth as Tech Giants Splurge

AI Boom Fuels Oracle's Growth as Tech Giants Splurge

Q: What happened to producer prices in August?

The producer price index, which measures prices in the supply chain, fell by 0.1% in August, reversing a 0.7% increase in July.

10 Sep

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Summary

Oracle's expected growth tied to continued AI investment by tech giants
Producer prices fell 0.1% in August, reversing a 0.7% rise in July
Consumer price index data on Thursday could be crucial for Fed's next move

AI Boom Fuels Oracle's Growth as Tech Giants Splurge

According to the latest news, Oracle's expected growth suggests that the artificial intelligence (AI) boom is still going strong, around three years into the technology's rapid rise. However, the company's fortunes are now tightly tied to the continued AI-related spending by fellow tech giants.

In other economic news, the producer price index, which measures prices in the supply chain, fell by 0.1% in August, reversing a 0.7% increase in July. This latest data should provide the Federal Reserve's policy committee with additional comfort in potentially cutting interest rates. However, Thursday's consumer price index report could be far more important in shaping the central bank's next move.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.