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.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.