Oracle set to report earnings with Wall Street expecting 30% AI-fueled growth in cloud business

Oracle (ORCL) is set to report its fiscal first-quarter earnings Tuesday after the bell, with Wall Street expecting a 30% jump in cloud business revenue fueled by AI. Investors will also be watching closely for details on the company's $30 billion deal, reportedly with OpenAI. Shares in the software giant have soared more than 60% over the past year. The stock was down less than 1% ahead of the earnings report. The company has been securing a massive amount of Nvidia’s coveted GPUs (graphics processing u ...