Bullish
Oracle's stock rises 2.4% to $147.02 amid strong AI infrastructure demand.
Oracle's stock price increased by 2.4% to $147.02, driven by robust demand for its AI infrastructure services. The company reported a 68% year-over-year growth in cloud infrastructure revenue, reaching $4.1 billion. Additionally, Oracle's remaining performance obligations surged to $130 billion, indicating strong future demand.
Key points
- Oracle's cloud infrastructure revenue grew 68% year-over-year to $4.1 billion.
- Remaining performance obligations increased to $130 billion, reflecting strong future demand.
- Oracle's stock price closed at $147.02, up 2.4% from the previous close.
Sources
AI-generated from public news sources. Not financial advice.
