Friday, 11 September, 2026
"AI Infrastructure Boom Validates Oracle’s Heavy Data Center Spending Spree"
By TechShots Studio
Oracle reported strong first-quarter results, topping Wall Street revenue expectations and lifting its annual profit forecast behind surging demand for its cloud computing services. The performance eased mounting investor concerns over heavy capital expenditure and cash-burn risks tied to rapid data center expansion, sending shares up nearly 8% in extended trading while boosting its revenue backlog to $664 billion.
Read full story at REUTERS