Oracle climbs as AI-fueled backlog growth deflects spending worries
Sept 11 : Oracle shares rose 6 per cent before the bell on Friday after it reported a $26 billion jump in first-quarter revenue backlog, proving its massive debt-driven spending spree on data centers was powering strong growth in its cloud business.The company said that roughly half of the $664 billion in its
11 Sep 09:01 · CNA