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Oracle’s cloud backlog jumped 359% to $455 billion after four massive contracts

Oracle’s stock shot up 27% today after the company reported a ridiculous 359% increase in cloud backlog, reaching $455 billion. That surge happened even though Oracle missed on earnings. Investors ...
Wall Street Journal

Oracle, OpenAI Sign $300 Billion Cloud Deal

OpenAI signed a contract with Oracle ORCL-4.47%decrease; red down pointing triangle to purchase $300 billion in computing power over roughly five years, people familiar with the matter said, a massive ...
Benzinga.com

Oracle Soars To Record Highs With Massive Cloud Contracts Tied To OpenAI

Oracle Corp. (NYSE:ORCL) extended its gains Monday, building on last week’s historic rally that underscored OpenAI’s influence across technology markets. The software giant recorded its largest stock ...
The Motley Fool

Why Oracle Is a No-Brainer Growth Play Now

Oracle projects cloud infrastructure revenue will explode from $10 billion to $144 billion by 2030, outpacing AWS and Azure at comparable stages. The company's $455 billion backlog and ...
Reuters

Moody's flags risk in Oracle's $300 billion of recently signed AI contracts

WASHINGTON, Sept 17 (Reuters) - U.S. credit rating agency Moody's Ratings flagged several potential risks in Oracle Corp's (ORCL.N), opens new tab $300 billion of recently signed artificial ...