Oracle jumps ahead of Sept. 10 fiscal first-quarter earnings
Oracle climbed about 2.3% to $157.62 on Friday, ahead of a Sept. 10 fiscal first-quarter earnings report. Investors are seeking confirmation that its AI backlog can translate into revenue.
Oracle NYSE:ORCL, the database and cloud-infrastructure powerhouse, climbed approximately 2.3% to $157.62 Friday after locking in September 10 for its fiscal first-quarter earnings report.
Wall Street now wants proof that Oracle's monster artificial-intelligence backlog can become monster revenue.T…