Oracle jumps 12% as it tells investors its AI bet will pay off sooner than expected

Oracle's stock surged by 12% after it announced that its investment in artificial intelligence is expected to yield benefits sooner than previously anticipated. The company now projects generating $30 billion in free cash flow by 2029 and has set a cap of $20 billion for additional funding in its data center strategy. This optimistic outlook has investors more confident in Oracle's strategic direction and financial health, highlighting the potential growth from its AI initiatives.