https://www.live-feeds.com/feed/oracle-nearly-erases-7-jump-despite-664-billion-ai-backlogContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oracle-nearly-erases-7-jump-despite-664-billion-ai-backloghttps://www.live-feeds.com/feed/oracle-nearly-erases-7-jump-despite-664-billion-ai-backlog#u67906Mon, 14 Sep 2026 15:10:36 +0000Oracle shares nearly erased an initial 7% jump following Q1 results that beat revenue and profit estimates. The company reported 30% revenue growth and triple-digit increases in cloud infrastructure revenue, driven by surging AI demand. Despite a $664 billion AI backlog and high chip utilization, the stock faced pressure as AI cloud demand outpaced supply. Wall Street analysts stated the earnings checked nearly every box, though concerns over capital expenditure and data center backlash persist.Why it mattersOracle is aggressively expanding its cloud infrastructure to capture the AI boom. The