Reported about 9 hours ago
Oracle's latest quarter results shocked Wall Street, showing a massive 360% increase in remaining performance obligations to $455 billion, leading its stock to surge 36%. This growth posits Oracle as a leader in AI infrastructure, resulting in substantial market capitalization gains and making CEO Larry Ellison the world's richest person. Despite falling short on earnings and revenue projections, Oracle's strategic expansion in cloud technology and significant contracts with key AI players reinstated investor optimism in the AI market.
Source: YAHOO