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Oracle shares rose 3% Friday after gaining nearly 7% after hours Thursday
Published Source: CryptoPolitanRead original
Crypto Insight Summary: Oracle (NYSE: ORCL) shares are rallying Friday after investors got new numbers on its cloud business, AI contracts and revenue backlog. The stock rose 3% in early trading after gaining nearly 7% after hours Thursday. Oracle beat Wall Street forecasts for its fiscal first quarter, while a $26 billion increase in backlog eased some concern... Crypto Insight Analysis: Direction: Neutral Impact: No Impact Horizon: Short-term (1-3 days) Reasoning: Oracle's stock performance has limited direct impact on crypto markets.