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(Bloomberg) Oracle Corp. shares posted their biggest intraday gain in almost two years after reporting a spike in bookings in its cloud computing business, showing progress in its bid to capture more of the competitive market.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Traders Bracing for Worst Shrug Off Hot CPI: Markets WrapChina Has Never Canceled This Many Shipments of US WheatNY Says Trump Should Post Full Bond During Fraud Case AppealUS Cor
(Bloomberg) Oracle Corp. surged 13% after reporting a spike in bookings attributed to its closely watched cloud computing business, showing progress in its bid to capture more share of the competitive market.Most Read from BloombergOne of the Most Infamous Trades on Wall Street Is Roaring BackStock Rally Stalls in Countdown to Inflation Data: Markets WrapThese Are the Best Countries for Wealthy ExpatsBond Investors Are Lining Up to Fund the War Against PutinRemaining performance obligation —