Oracle shares rise on $30B+ fresh AI-cloud contracts in quarter
Oracle reported more than $30 billion of fresh AI-cloud contracts in fiscal Q1, adding demand to its backlog; shares rose about 1.3% to $149.47.
Oracle, the database and AI-cloud infrastructure provider, reported more than $30 billion of fresh AI-cloud contracts in its fiscal first quarter, adding another large block of demand to an already swollen backlog. 47.