Oracle shares rose 3% in early trading after a $26 billion increase in its revenue backlog eased concerns over its debt-funded AI spending. Strong earnings and an improving balance sheet also supported the stock, though analysts warned…
Oracle shares rose 3% in early trading after a $26 billion increase in its revenue backlog eased concerns over its debt-funded AI spending. Strong earnings and an improving balance sheet also supported the stock, though analysts warned that a meaningful recovery in Oracle's cash flow could still take years.
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