Oracle Shares Rise on AI Tools for Utilities Amid Energy Demand Surge
Oracle's shares rose 12.7% after the company introduced AI tools for utilities at its Customer Edge Summit, targeting efficiency improvements in billing and grid management. The move comes as U.S. power consumption hits record levels, driven by AI demand, and Oracle's Utilities Opower platform has delivered significant energy savings and cost reductions for customers.
Tickers: $ORCL
Topics: AI Energy Consumption Oracle Stock Performance Utilities