Oracle Had a 'Brilliant' Quarter, CEO Says. Its Stock Is Popping on AI Demand

Oracle said it now sees cloud infrastructure sales jumping 77% to $18 billion this fiscal year as AI demand grows, up from a June forecast of more than 70%. David Paul Morris / Bloomberg / Getty Images Oracle shares soared in late trading Tuesday after the cloud computing giant said it added several large new clients and boosted its outlook for cloud infrastructure sales on booming AI demand. Shares of Oracle (ORCL) were up over 25% in after-hours trading. The stock has added close to half of its value in 2 ...