Oracle's Exceptional Backlog Confirms Its Role As Key AI Enabler: Analyst

Oracle ORCL shares jumped after the company reported first-quarter results, driven by stronger-than-expected growth in its cloud and AI infrastructure business and a record backlog of multi-billion-dollar contracts, highlighting its expanding role in the rapidly growing AI market.Benzinga contacted Ivan Feinseth, CIO and Director of Research at Tigress Financial Partners, about the correlation of Oracle and Amazon.com AMZN.Feinseth attributed Oracle’s surge to a surprise gain in its cloud platform, noting t ...