Updated

Oracle shares rose further after the company reported quarterly earnings that beat Wall Street expectations, with cloud infrastructure revenue more than doubling year-over-year and its order backlog growing even larger than in prior quarters. The results extended a string of gains tied to Oracle's aggressive AI infrastructure buildout, reinforcing investor confidence in the company's cloud strategy ahead of its next earnings report. Analysts said the stronger-than-expected forecast and expanding backlog underscore continued demand for AI-related cloud services, adding to unusual options activity already seen around the stock. The results position Oracle as one of the clearer beneficiaries of the ongoing AI infrastructure investment cycle among major cloud providers.