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On September 29, Oracle's stock price surged by over 8%, reaching a high of $143.67, with a total market capitalization of $433.7 billion. The stock price increase was primarily driven by the launch of a native OCI storage service in collaboration with NetApp. This service integrates NetApp's ONTAP data management capabilities natively into Oracle Cloud Infrastructure, aiming to simplify the process for enterprises to migrate critical AI and business workloads to the cloud. Additionally, at the ACAMS conference in Las Vegas, Oracle announced that its Financial Services division has introduced two agent-based AI tools for financial crime investigation—Oracle Nexus Case Flow and Oracle Nexus Reach—to help financial institutions efficiently respond to anti-money laundering and financial crime alerts.
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