Oracle's Cloud Growth & AI Expansion Boosts Stock

Oracle Corporation reported a 12% revenue increase in Q1 FY2026, reaching $14.93 billion, driven by a 28% surge in cloud revenues. Despite missing Wall Streets projections, non-GAAP earnings per share matched expectations at $1.47, a 6% annual increase. Oracles stock saw a 36% intraday gain following the results. While underperforming the Dow Jones over the past year, Oracles stock has significantly outperformed over the last six months. The companys aggressive expansion into AI, including a partnership with AMD for a new AI supercluster, has analysts optimistic, with a consensus rating of Moderate Buy and an average price target suggesting a 77.4% upside from current levels.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.