Oracle Stock Surges on AI Cloud Growth and Optimistic Forecasts
TL;DR Summary
Oracle's stock surged 25% after reporting a strong increase in its AI cloud backlog, with remaining performance obligations soaring 359% to $455 billion, despite missing earnings and revenue estimates for Q1. The company expects significant growth in its cloud infrastructure revenue driven by large multibillion-dollar contracts and AI demand, positioning it as a challenger to Amazon and Microsoft in cloud services.
- Oracle Stock Pops 25% Despite Earnings Miss. Its AI Cloud Backlog Is Surging. Investor's Business Daily
- Oracle pops 27% on cloud growth projections even as earnings miss estimates CNBC
- Oracle stock soars as CEO says AI-fueled cloud revenue set to soar to $144 billion Yahoo Finance
- Oracle Sets the Date for its First Quarter Fiscal Year 2026 Earnings Announcement Oracle - Investor Relations
- Oracle on Pace to Add $190 Billion in Value on Blowout Forecast Bloomberg
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