NTT DATA Japan Taps Oracle Alloy To Boost Sovereign Cloud Solutions: Details
Portfolio Pulse from Lekha Gupta
Oracle Corporation's shares are trading higher as NTT DATA Japan selects Oracle Alloy to enhance its sovereign cloud solutions. This partnership will accelerate cloud adoption in Japan, ensuring data sovereignty and compliance. Oracle plans to invest over $8 billion in Japan's cloud and AI infrastructure over the next decade.
October 24, 2024 | 4:05 pm
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POSITIVE IMPACT
Investors can gain exposure to Oracle's growth through the iShares Expanded Tech-Software Sector ETF, which includes Oracle among its holdings.
As Oracle's stock rises due to its partnership with NTT DATA Japan, ETFs like IGV that include Oracle in their holdings may also see positive impacts.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Oracle's shares are up as NTT DATA Japan chooses Oracle Alloy to enhance its cloud solutions, boosting cloud adoption and compliance in Japan. Oracle's $8 billion investment in Japan's cloud and AI infrastructure further supports growth.
The partnership with NTT DATA Japan is a significant endorsement of Oracle's cloud capabilities, likely boosting investor confidence. The planned $8 billion investment in Japan's cloud and AI infrastructure indicates Oracle's commitment to growth in the region, positively impacting its stock price.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Pacer Funds Pacer Data and Digital Revolution ETF offers exposure to Oracle's growth, benefiting from Oracle's recent partnership and investment plans.
Oracle's positive stock movement due to its strategic partnership and investment plans may benefit ETFs like TRFK that include Oracle, offering investors indirect exposure.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50