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.
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...
