U.S. Disrupts China-Linked Hacking Campaign Targeting Government Agencies 
BofA Names ASML Top Semiconductor Equipment Pick on Growth, Valuation 
Countries Tighten Social Media Bans for Children 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
OpenAI AI Agent Swarm Behind Hugging Face Hack 
Nvidia Eyes Perplexity Investment at $30 Billion Valuation 
Alibaba Raises $10.2 Billion to Expand AI Infrastructure 
Shein Hong Kong IPO to Raise $1.7 Billion at $26.5 Billion Valuation 
U.S. Probes Apex Logistics Over Nvidia AI Chip Shipments to China 
Salesforce Shares Surge as AI Demand Powers Q2 Earnings Beat 
HP Stock Drops 9% Despite Q3 Earnings Beat and Raised 2026 Outlook 
SoftBank Eyes $20 Billion Bond Sale to Refinance OpenAI Loan 
Pinterest Stock Falls as CFO Julia Brau Donnelly Resigns 
SK Biopharmaceuticals Secures Global Rights to Biohaven Epilepsy Drug Opakalim 
Nvidia Revenue Soars 106% as AI Demand Hits ‘Inflection Point’ 
Meta Agrees to $18 Billion Settlement, Tightens Teen Social Media Rules 
Mercer International Stock Surges 45% on C$20 Million Canada Funding 
Add as a preferred source on Google
Oracle Corporation (NYSE: ORCL) soared over 22% in afterhours trading Tuesday after delivering a bullish forecast for cloud revenue growth, signaling strong AI-fueled demand despite weaker-than-expected fiscal first-quarter results.
For the quarter ending Aug. 31, Oracle posted adjusted earnings of $1.47 per share on revenue of $14.93 billion, missing analyst estimates of $1.48 per share and $15.9 billion in revenue. However, investor sentiment turned positive as the company highlighted a surging order book and robust cloud momentum.
Remaining performance obligations, a key measure of booked revenue, jumped 359% year-over-year to $455 billion. This was driven by four multi-billion-dollar contracts with three major customers in Q1, underscoring rising enterprise demand for Oracle’s cloud solutions.
Oracle also reported explosive growth in its MultiCloud database business with Amazon, Google, and Microsoft, which surged 1,529% in Q1. The company expects this segment to grow “substantially every quarter for several years,” as hyperscalers accelerate AI adoption and cloud workloads.
Looking ahead, Oracle projects its Oracle Cloud Infrastructure (OCI) revenue will increase 77% to reach $18 billion this fiscal year. The growth trajectory is even more ambitious long-term, with revenue expected to climb to $32 billion in FY 2027, $73 billion in FY 2028, $114 billion in FY 2029, and $144 billion in FY 2030.
The upbeat forecast highlights Oracle’s positioning as a key player in the booming AI and cloud computing markets, boosting investor confidence. With surging demand, multi-cloud partnerships, and strong customer commitments, Oracle is setting the stage for significant growth in the years ahead.
