Oracle's stock surged 7% following its fiscal Q1 earnings, driven by a massive $664 billion AI cloud backlog and 121% growth in cloud infrastructure revenue. The backlog reflects strong demand and contracts that are beginning to convert into revenue, easing earlier cash-burn concerns. Oracle's cloud now accounts for over 60% of its revenue, supported by significant datacenter capacity expansion and GPU deployments. The rally also lifted related AI cloud companies CoreWeave and Nebius, highlighting growing investor confidence in AI infrastructure. Investors will watch Oracle's ability to deliver capacity on schedule to sustain this momentum.
Oracle founder Larry Ellison has set up a trading plan allowing him to sell up to 50 million shares, worth about $7.5 billion, by October 24. This is unusual as Ellison has rarely sold large amounts of Oracle stock before, holding over 40% of the com...
Stocks rebounded on Friday as oil prices fell, helping major indexes recover after several down sessions. Jim Cramer highlighted that the upcoming Federal Reserve meeting will be crucial, with investors watching how Treasury yields react to a potenti...
Oracle reported strong growth in its cloud business and raised its revenue outlook, but overall revenue growth was minimal due to a sharp decline in on-premises software sales. The company's shift from high-margin software to capital-intensive cloud ...
Oracle reported strong Q1 FY2027 results with 29.61% revenue growth and a $664 billion backlog, driven by a surge in AI cloud contracts. Despite a 20.77% year-to-date stock decline, analysts see nearly 50% upside as Oracle's cloud infrastructure util...
Oracle reported a strong fiscal quarter with over $30 billion in new AI cloud contracts and a $664 billion backlog, reducing reliance on a single customer, OpenAI. Cloud infrastructure revenue surged 121%, and total revenue rose nearly 30%, beating e...
