TradingKey – Oracle is set to open this Monday around its verified close of $150.28, which is exactly in line with the supplied $150.26 chart reference. The sell-the-news event is important, but not for the pullback. Since the earnings run to $166, ORCL has also reversed to the $150 area, as investors focused again on free cash flow, capex, and financing. Concerning the earnings, Q1 was an impressive quarter with 121% OCI growth and a $664 billion backlog, however, the market is more focused on the potential that this AI demand turns to actual cash and profit.
Q1 Strengthened the AI Growth Case
Oracle reported fiscal Q1 with $19.3 billion in revenues, growing 30% year over year with an adjusted EPS of $1.92. Cloud revenues increased 62%…
