Oracle Shares Soar on Strong Earnings and Nvidia Partnership Tease

The tech giant's fiscal third-quarter earnings beat expectations, driving a 12% stock surge and anticipation for a significant Nvidia collaboration.

Oracle's shares surged by 12% following a fiscal third-quarter earnings report that exceeded analysts' expectations.
The company announced an upcoming joint announcement with Nvidia, hinting at a significant partnership.
Oracle's cloud revenue jumped 25% in the third quarter, with a 29% increase in its sales backlog, driven by strong demand for AI infrastructure.
Analysts have raised their price targets on Oracle stock, reflecting confidence in the company's cloud and AI growth trajectory.
Oracle plans to introduce new healthcare-focused offerings, leveraging AI to modernize health systems.