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Shares of Oracle (NASDAQ: ORCL) are jumping 41% today…
After the company blew away analyst AI revenue estimates.
Go here for my #1 hidden AI stock to buy now (NAME & TICKER).
Artificial Intelligence is fueling huge demand for Oracle.
The company just announced that it has $455 billion revenue backlog. That’s 359% larger than its backlog just 3-months ago.
“It was an astonishing quarter – and demand for Oracle Cloud Infrastructure continues to build,” according to the company’s CEO.
The company also outlined projections for cloud revenue in the coming fiscal years…
- 2026: $18 billion – a 77% increase
- 2027: $32 billion – a 77% increase
- 2028: $73 billion – a 128% increase
- 2029: 144 billion – a 97% increase
These are NOT just bold projections.
Oracle says that most of this revenue is already booked and included in its current backlog!
WALL STREET WAS SHOCKED WITH THE RESULTS.
“I’m sort of blown away,” explained an analyst at Guggenheim.
“A momentous quarter,” analyst at TD Cowen.
“We’re all kind of in shock, in a very good way. There is no better evidence of a seismic shift happening in computing than these results,” analyst at Deutsche Bank.
Today’s price action adds +$200 billion to Oracle’s market value.
I recommended Oracle stock at $130 / share last year in an issue titled “Oracle: The Next Magnificent 7 Stock.”
Shares are now up 158% in my portfolio.
Click Here to Discover “the Next Oracle”
Oracle’s news show…
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