Oracle reported a 30% increase in fiscal first-quarter revenue to $19.35 billion, surpassing analyst estimates, driven by a 62% rise in cloud revenue and a 121% surge in cloud infrastructure revenue. Net income soared 60% to $4.7 billion. The company expanded data center capacity by 850 megawatts and secured over $30 billion in AI cloud contracts, delivering 300,000 GPUs to customers. Oracle forecasts 30% revenue growth in Q2 and expects at least $90 billion in total revenue for fiscal 2027, despite having taken on over $100 billion in debt to fund AI data center expansion. Analysts view the quarter as solid and anticipate positive revisions at upcoming Investor Day events.
Meta Platforms is issuing a new class of non-voting shares to fund its heavy AI-related capital expenditures, indicating financial pressure and potential dilution for current shareholders. The company's shrinking free cash flow and capital spending n...
Oracle is aggressively funding its AI cloud infrastructure growth by selling stock, increasing debt, and relying on customer prepayments, aiming to compete with Microsoft’s cash-rich expansion. Oracle’s cloud infrastructure revenue surged 121%, drive...
Larry Ellison, co-founder of Oracle, pledged shares of Tesla and SpaceX as collateral to borrow funds for his son David Ellison's acquisition of Warner Bros. Discovery. The pledged shares include a significant portion of Ellison's Oracle holdings, wh...
Oracle's cloud backlog has surged past $664 billion, with cloud revenue now making up 60% of total sales, reflecting strong growth. However, the company reported a negative free cash flow of $5.4 billion last quarter and expects high capital expendit...
Shares of AI cloud providers Nebius and CoreWeave rose about 3% after Elon Musk called concerns about AI infrastructure overcapacity "ridiculous" during SpaceX's Q3 2026 earnings call. Musk emphasized strong demand for compute capacity, noting SpaceX...
