The AI Trade Picks Up Steam After Oracle's 'Truly Historic' Quarter
1. Oracle's backlog reached $455 billion, a 359% increase year-over-year. 2. AI spending forecasts signal strong growth, boosting confidence in Oracle's revenue. 3. Oracle signed a $300 billion contract with OpenAI, enhancing its market position. 4. Shares surged as much as 43% after the optimistic earnings call. 5. Big Tech's AI infrastructure investment projected at $368 billion this year.