Oracle stock spikes 12%
Oracle shares surged 12% after the company reported strong third-quarter earnings and confirmed it will not raise additional debt in 2026 beyond previously announced plans. CEO Clayton Magouyrk highlighted Oracle’s AI infrastructure growth, noting $29 billion in new contracts and efficient data center delivery without negative cash flow. The company’s cloud revenue, including infrastructure and SaaS, rose 44% year-over-year to $8.9 billion. Despite skepticism over … Continue reading Oracle stock spikes 12%
