Oracle stock spikes 12% as strong Q3 earnings answer Wall Street AI buildout concerns

Oracle stock spikes 12% as strong Q3 earnings answer Wall Street AI buildout concerns

Oracle CEO Clayton Magouyrk said on an earnings call the company's model of having customers provide data chips for new data center builds is working.

Oracle shares rally 12% as strong revenue forecast eases concerns over massive AI bets

Oracle shares surged after a strong revenue forecast eased AI infrastructure spending concerns. The company is rapidly expanding its data centers for AI, funded by significant debt. While investor concerns about financing and execution persist, new AI contracts and Larry Ellison's comments on AI tools provided some reassurance.