Oracle Had a 'Brilliant' Quarter, CEO Says. Its Stock Is Popping on AI Demand
1. Oracle shares jumped over 25% after strong earnings and client additions. 2. Fiscal year cloud infrastructure sales are expected to rise 77% to $18 billion. 3. CEO Catz anticipates signing additional multi-billion-dollar contracts soon. 4. Oracle plans to launch 'Oracle AI Database' for utilizing leading AI models. 5. Ellison predicts AI to significantly boost future cloud demand.