Oracle’s (ORCL) massive backlog for its cloud business stunned Wall Street and cemented the company’s role as a key player in the AI market, lifting hopes that the broader AI-fueled tech rally has more room to run. Oracle said late Tuesday that its “RPO,” or remaining performance obligations, a measure of future revenue from customer…
Oracle (ORCL) stock jumped more than 25% in after-hours trading Tuesday as the software giant said its AI-fueled cloud revenue is set to jump to $144 billion by its 2030 fiscal year — a massive leap from the company’s projection of less than $20 billion for the business in its current fiscal year. “We expect…
While Jeff Bezos made headlines unloading Amazon shares on his wedding day, the real heavyweight move in insider stock selling came from someone far less flashyOracle (ORCL, Financials) CEO Safra Catz. In the second quarter alone, Catz exercised and sold stock options worth more than $1.8 billion; that’s more than double Bezos’ $737 million. And…