Oracle stock jumps 21% on strong growth projections and OpenAI deal

cnbc.com

Oracle's stock surged 21% after reporting strong growth projections, despite missing earnings and revenue estimates. The company's remaining performance obligations jumped 359% year-over-year to $455 billion, signaling significant future revenue. Oracle also announced a deal with OpenAI to develop data center capacity and saw its cloud infrastructure revenue increase by 55%.


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