Oracle stock jumps 31% on $455B cloud backlog; analysts cautiously bullish

Core Viewpoint - Oracle's shares increased by over 31% in premarket trading following the announcement of a significant rise in its cloud backlog to $455 billion, along with a forecast for booked revenue growth [1] Group 1: Financial Performance - The cloud backlog for Oracle reached $455 billion, indicating strong demand and growth potential in its cloud services [1] - The company provided a positive forecast for booked revenue, suggesting continued financial strength and market confidence [1] Group 2: Market Reaction - Oracle's stock experienced a surge of more than 31% in premarket trading, reflecting investor optimism and market response to the company's announcements [1]