Oracle Shares Rise Following CoreWeave Earnings and AI Demand Signals
Oracle (ORCL) shares rose approximately 9% following strong performance indicators from AI cloud provider CoreWeave, which reported a massive $132.5 billion order backlog and raised its revenue forecast. The surge suggests that demand for AI computing power remains robust and is increasingly backed by customer prepayments rather than purely speculative interest. Despite recent volatility and concerns regarding potential political restrictions on data center construction, analysts at Mizuho suggest Oracle is well-positioned because its five largest data center sites are already under construction. While Oracle faces significant capital expenditure pressures—reporting negative free cash flow of $5.4 billion due to heavy infrastructure spending—its contracted future revenue has climbed to $664 billion.
Topics: AI Cloud Computing Data Centers Revenue Forecasts Stock Price Increase