15:50 - 11.09.2026

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September 11, Fineko/abc.az. Shares of cloud computing and software giant Oracle surged 5.5% in premarket trading on Friday following quarterly financial results that topped Wall Street estimates, driven by a robust buildup in its AI-related cloud infrastructure backlog.

The stronger-than-expected earnings report eased growing investor anxiety regarding Oracle’s massive, debt-financed capital expenditure program aimed at expanding its data center footprint. Soaring enterprise demand for generative AI capacity continues to accelerate revenue growth within the company's cloud division.

Analysts noted that the expanding order backlog underscores Oracle's strengthening competitive position against rival hyper-scalers including Microsoft, Amazon, and Alphabet.