Oracle Stock Jumps to Record High on Microsoft, OpenAI, and Google Deals

Key TakeawaysOracle shares rose to a record high Wednesday after the company announced cloud infrastructure deals with Microsoft, OpenAI, and Google, despite an earning miss.Analysts called Oracle's bookings growth on artificial intelligence demand "impressive" and cited higher remaining performance obligations as a good sign for Oracle.However, they also voiced concerns about Oracle's weak earnings results and rising capital expenditures to close the gap between supply and demand.Jefferies analysts noted t ...