ORCL Stock Jumps After Strong Q1 Report: Analyst Says Oracle Cloud Demand Is Growing Faster Than AWS, Azure
Oracle’s AI cloud backlog surges as investors look past near-term cash burn and dilution concerns. Oracle’s Q1 revenue and adjusted earnings beat Wall Street estimates, with the company raising its fiscal 2027 earnings forecast. AI cloud bookings pushed remaining performance obligations to $664 billion. Retail sentiment for ORCL rose higher in the ‘extremely bullish’ zone. … Read more