Could Oracle Stock Give Back Its Gains?
Summary
Wednesday's post-earnings spike has faded some, with the shares slipping on Thursday as investors digested what Oracle (...
Wednesday's post-earnings spike has faded some, with the shares slipping on Thursday as investors digested what Oracle (ORCL -5.05%) just reported and, more importantly, what it implied. Oracle, the enterprise software and cloud-infrastructure provider, shocked the market with a massive backlog figure tied to multiyear artificial intelligence (AI) and cloud contracts.