Oracle’s AI-Driven Surge Sparks Market Optimism
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Oracle's fiscal third-quarter earnings shattered expectations, with adjusted EPS reaching $1.79 and revenue soaring 22% to a record $17.2 billion. The cloud computing giant's backlog exploded to $553 billion—quadrupling year-over-year—as AI contracts dominated growth. This performance triggered a 9% after-hours stock surge, potentially marking an inflection point for shares that had lagged behind broader AI sector gains.
The company's raised 2027 revenue guidance to $90 billion signals unwavering confidence in its AI infrastructure capabilities. Notably, Oracle emphasized it won't require additional financing to fulfill these massive commitments—a direct counter to recent investor concerns about its debt exposure and OpenAI ties.
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