Oracle Stock Jumps as Cloud Revenue Climbs. Is It Too Late to Buy the Stock?

The database company has staged a comeback.Once considered the after-ran of the cloud computing industry behind the big three players in the industry, Oracle (ORCL 2.67%) showed with its fiscal first-quarter results that it, too, is benefiting from the boom in artificial intelligence (AI) spending.Let's take a close look at the company's most recent results and how it is benefiting from AI.Cloud revenue leads the wayOracle's overall fiscal Q1 revenue rose 7% to $13.3 billion, but it was the 21% jump in clou ...