7/104 sources · 3 publishersUpdated Nov 11, 22:18 UTC
Oracle shares jump ~9% as CoreWeave results ease AI financing concerns
Oracle stock rose about 9% to $128 after CoreWeave’s strong Q3 earnings reduced worries about AI‑cloud financing. Oracle highlighted a record 1 GW AI‑driven demand reduction across more than 70 events and reported cloud infrastructure revenue of $7.4 billion and total revenue of $19.3 billion, while noting $28.5 billion of capex and negative free cash flow.
Why it matters
Mizuho analysts say Oracle’s already‑permitted data‑center sites give it an advantage if new construction faces regulatory limits. The stock’s rise offers a short‑term boost, but investors must weigh the heavy capital spending and negative cash flow.
Key facts
- 1Oracle shares rose about 9% to $128. fool.com
- 2Oracle reported cloud infrastructure revenue of $7.4 billion for the quarter ended Aug. 31. fool.com
- 3Total revenue increased 30% to $19.3 billion. fool.com
- 4Capital expenditures were $28.5 billion in the quarter. fool.com
- 5Free cash flow was negative $5.4 billion. fool.com
- 6Earnings per share rose 54% to $1.56. fool.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.